Labor Council Senior Housing Inc

Analysis

Labor Council Senior Housing Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 1987, 39 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, Labor Council Senior Housing Inc reported income of $629k and spending of $623k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $629k (+10%), an average of +2.5% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Labor Council Senior Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Tenfold Community Lending ($629k), Cumming Home Ministries Inc ($629k) and Find Feed & Restore ($629k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $608k against liabilities of $2.0m, net assets of -$1.4m.