LSS Foundation Inc

Analysis

LSS Foundation Inc is a registered charity in United States, based in West Allis, WI. It received its IRS tax-exemption ruling in October 1976, 50 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, LSS Foundation Inc reported income of $1.4m and spending of $1.7m, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.9m to $1.4m (-24%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LSS Foundation Inc 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 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include MCH Inc ($1.4m), NC Orange Senior Housing Corp ($1.4m) and Mdbm-Drake Senior Housing Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. Other salaries and wages came to $116k. At year end it held assets of $32.4m against liabilities of $5,143, net assets of $32.4m. It reported 1 employees.

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.