Lincoln Villas North Inc

Analysis

Lincoln Villas North Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in August 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln Villas North Inc reported income of $1.0m and spending of $942k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lincoln Villas North Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Pocahontas Housing Authority Inc ($1.0m), Community Fund of North Miami Dade Inc ($1.0m) and Reliant Asset Management Solutions ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Other salaries and wages came to $168k. At year end it held assets of $3.4m against liabilities of $4.9m, net assets of -$1.5m.