Lee Homes Inc

Analysis

Lee Homes Inc is a registered charity in United States, based in Milford, MI. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 September 2023, Lee Homes Inc reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $636k to $1.4m (+120%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee Homes Inc 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 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Arkansas Good Start Inc ($1.4m) and Song Community Development Corporation ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (7.5% of expenses). Other salaries and wages came to $664k. At year end it held assets of $712k against liabilities of $47k, net assets of $665k. It reported 23 employees.