Leisure Acres Phase II Housing Corporation

Analysis

Leisure Acres Phase II Housing Corporation is a registered charity in United States, based in Washington, IL. It received its IRS tax-exemption ruling in June 1981, 45 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 December 2023, Leisure Acres Phase II Housing Corporation reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+13%), an average of +3.0% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leisure Acres Phase II Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Ecoworks ($1.9m), FCHC Virginia Community Development Corporation ($1.9m) and Amesbury Gardens Tenants Association Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $155k. At year end it held assets of $4.1m against liabilities of $4.8m, net assets of -$752k.