Linc Housing Corporation

Analysis

Linc Housing Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 1995, 31 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, Linc Housing Corporation reported income of $19.7m and spending of $23.7m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.1m to $19.7m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linc Housing Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Community Housing Capital Inc ($19.7m), Hubbard Hill Estates Inc ($19.9m) and Valley View Haven Inc ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $3.6m (15% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $234.6m against liabilities of $132.7m, net assets of $101.9m. It reported 147 employees.