Logan Square Elderly Housing Corporation

Analysis

Logan Square Elderly Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, Logan Square Elderly Housing Corporation reported income of $943k and spending of $909k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $845k to $943k (+12%), an average of +2.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Logan Square Elderly Housing Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Central Jersey Sikh Association Inc ($943k), Northern Arizona Christian School Scholarship Fund ($943k) and Wauhatchie School Inc ($943k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $211k. At year end it held assets of $1.5m against liabilities of $3.8m, net assets of -$2.2m.