Lawndale Apartments Inc Non Profit Housing Corporation

Analysis

Lawndale Apartments Inc Non Profit Housing Corporation is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in March 1993, 33 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, Lawndale Apartments Inc Non Profit Housing Corporation reported income of $174k and spending of $235k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $174k (+4.4%), an average of +1.1% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawndale Apartments Inc Non Profit Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Los Angeles County Firemans Welfare Fund ($174k), PTA California Congress of Parents Teachers & Students Inc ($174k) and Danese Volunteer Fire Department and Rescue Squad Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $511k against liabilities of $27k, net assets of $483k.

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.