Lincoln Park Housing Corporation

Analysis

Lincoln Park Housing Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 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 June 2023, Lincoln Park Housing Corporation reported income of $218k and spending of $227k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $96k to $218k (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lincoln Park Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Webster County Improvement Corporation ($218k), New York State Public Housing Authority Directors Association ($218k) and Owcap Disability Housing Inc ($218k).

Compensation of current officers, directors and key employees was $79k (35% of expenses). At year end it held assets of $220k against liabilities of $1.1m, net assets of -$849k. It reported 1 employees.

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.