Lssco Marion Place III Inc

Analysis

Lssco Marion Place III Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 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 (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, Lssco Marion Place III Inc reported income of $95k and spending of $128k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $109k to $95k (-13%), an average of -3.3% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lssco Marion Place III Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Share VIII Inc ($95k), Elim Senior Housing Inc ($95k) and Burke Place Apartments ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.2m.

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.