Lodge at Ives Hill Inc

Analysis

Lodge at Ives Hill Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in August 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lodge at Ives Hill Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $913k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lodge at Ives Hill Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Kansas City Dream Center Co ($1.1m), Oak Woods Inc ($1.1m) and Villa de Amistad of San Antonio Texas ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $567k. At year end it held assets of $2.4m against liabilities of $2.9m, net assets of -$441k.