Lincoln Park Community Services

Analysis

Lincoln Park Community Services is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Park Community Services reported income of $3.3m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.3m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2023, when income rose by 34%. 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 Community Services sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include H C Signs of Hope Inc ($3.3m), Town of Islip Affordable Housing Corp ($3.3m) and Nu-Dimensions Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $151k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.7m against liabilities of $9.5m, net assets of $4.3m. It reported 52 employees.

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.