Lansing Housing Corporation

Analysis

Lansing Housing Corporation is a registered charity in United States, based in Lansing, IA. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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, Lansing Housing Corporation reported income of $3.1m and spending of $3.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $3.1m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lansing Housing Corporation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include United Way of Greater New Bedford Inc ($3.1m), Omohundro Institute of Early American History and Culture ($3.1m) and Guadalupe Clinic Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 76 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.