Lacrescent Elderly Housing Group Inc

Analysis

Lacrescent Elderly Housing Group Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in August 1982, 44 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, Lacrescent Elderly Housing Group Inc reported income of $265k and spending of $191k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $265k (+8.6%), an average of +2.1% a year. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lacrescent Elderly Housing Group Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Walton High School Foundation Inc ($265k), Community Housing Services Inc ($265k) and Blount County Friends of the Library Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $378k against liabilities of $161k, net assets of $216k.