Linc Up Nonprofit Housing Corporation

Analysis

Linc Up Nonprofit Housing Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 2000, 26 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, Linc Up Nonprofit Housing Corporation reported income of $2.2m and spending of $2.9m, spending 135% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $3.6m to $2.2m (-40%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linc Up Nonprofit Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.2m), Menorah Center Inc ($2.2m) and Harbor Inn ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $111k (3.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.4m against liabilities of $2.4m, net assets of $9.0m. It reported 26 employees.