Lawrence Senior Housing Corporation

Analysis

Lawrence Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1994, 32 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 2024, Lawrence Senior Housing Corporation reported income of $1.4m and spending of $1.5m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+12%), an average of +2.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lawrence Senior 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 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Deerfield Senior Housing Corp ($1.4m), Interfaith Outreach Home Inc ($1.4m) and Corporation for Urban Home Ownership of New Haven ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $276k. At year end it held assets of $6.2m against liabilities of $365k, net assets of $5.8m.

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.