Lapaz Garden Court Inc

Analysis

Lapaz Garden Court Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lapaz Garden Court Inc reported income of $113k and spending of $145k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $107k to $113k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lapaz Garden Court Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Warm Supportive Homes Inc ($113k), Mariners Court Apartments ($113k) and Cane Manor Inc ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.