Lemma Village Inc

Analysis

Lemma Village Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in January 1986, 40 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 May 2024, Lemma Village Inc reported income of $526k and spending of $505k, spending 96% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $523k to $526k (+0.5%), an average of +0.1% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lemma Village Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Bahia Properties Inc ($526k), Casa Mia Senior Apartments Inc ($526k) and Halfmoon Housing Development Fund Company Inc ($526k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $66k. At year end it held assets of $972k against liabilities of $2.6m, net assets of -$1.6m. It reported 4 employees.