Lasalle Park Homes Inc

Analysis

Lasalle Park Homes Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in May 1969, 57 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, Lasalle Park Homes Inc reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+7.7%), an average of +1.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lasalle Park Homes Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Newton Community Development Founation II Inc ($1.5m), Serene Harbor Inc ($1.5m) and Resource Service Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $1.8m against liabilities of $362k, net assets of $1.4m.