Dr Lucy Lang-Chappell Housing Complex Inc

Analysis

Dr Lucy Lang-Chappell Housing Complex Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Dr Lucy Lang-Chappell Housing Complex Inc reported income of $603k and spending of $764k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $632k to $603k (-4.6%), an average of -1.2% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Lucy Lang-Chappell Housing Complex Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Seniors Assistance Center ($602k), Within Reach Global Inc ($603k) and Friends for Sight ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $195k. At year end it held assets of $899k against liabilities of $199k, net assets of $699k.

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.