Lincoln Park Renewal Corporation

Analysis

Lincoln Park Renewal Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2006, 20 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, Lincoln Park Renewal Corporation reported income of $543k and spending of $524k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $535k to $543k (+1.4%), an average of +0.4% 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, Lincoln Park Renewal Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Arc of Maui County - Molokai Residence ($543k), Zion Tabernacle Senior Living Center Inc ($543k) and McKinney RHF Housing Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $78k. At year end it held assets of $972k against liabilities of $1.2m, net assets of -$198k. It reported 2 employees.