LH Homes I Inc

Analysis

LH Homes I Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in July 2004, 22 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, LH Homes I Inc reported income of $102k and spending of $148k, spending 145% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $89k to $102k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LH Homes I Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Rosevine Inc ($102k), Afiig NFP ($102k) and Greenfield Manor ($102k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $596k against liabilities of $47k, net assets of $549k.

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.