Linc Community Development Corporation

Analysis

Linc Community Development Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Linc Community Development Corporation reported income of $7.4m and spending of $11.0m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $7.4m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linc Community Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Better Housing Coalition ($7.4m), Merritt Community Capital Corp ($7.4m) and Sheltercare ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $77.5m against liabilities of $96.8m, net assets of -$19.3m.

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.