Lima Ecumenical Housing Corp

Analysis

Lima Ecumenical Housing Corp is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in June 1978, 48 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 July 2023, Lima Ecumenical Housing Corp reported income of $541k and spending of $426k, leaving 21% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $505k to $541k (+7.2%), an average of +2.3% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lima Ecumenical Housing Corp 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 72nd percentile within OH. Charities of a similar size with the same main cause include Cedar Lane Senior Living Community III Inc ($541k), Hearth Homes of Waterbury Inc ($541k) and Rockland Street Elderly Housing Inc ($540k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $782k against liabilities of $976k, net assets of -$195k.