Lorraine Murphy Housing Foundation

Analysis

Lorraine Murphy Housing Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 2002, 24 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, Lorraine Murphy Housing Foundation reported income of $83k and spending of $98k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $83k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lorraine Murphy Housing Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Bowen Residential Inc ($83k), Soque River Watershed Association Inc ($83k) and A House for Me ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $376k against liabilities of $728k, net assets of -$352k.