L C Hotchkiss Terrace

Analysis

L C Hotchkiss Terrace is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in March 2003, 23 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 September 2023, L C Hotchkiss Terrace reported income of $740k and spending of $1.1m, spending 143% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $488k to $740k (+52%), an average of +11% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, L C Hotchkiss Terrace sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Hope Network Affordable Independent Living NPHC ($740k), Central Jersey Housing Resource Center Corp ($740k) and Telacu Housing-National City Inc ($739k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $5.5m against liabilities of $9.1m, net assets of -$3.7m.

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.