Lyceum III Housing Development Fund Corp

Analysis

Lyceum III Housing Development Fund Corp is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, Lyceum III Housing Development Fund Corp reported income of $123k and spending of $185k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $123k (+3.7%), an average of +0.9% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lyceum III Housing Development Fund Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Omt Inc ($123k), Preservation Non-Profit Housing Corporation ($123k) and Mount Hope Housing Co Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10k. At year end it held assets of $2.2m against liabilities of $2.7m, net assets of -$514k.

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.