Le Claire Elderly Housing Corp

Analysis

Le Claire Elderly Housing Corp is a registered charity in United States, based in Mechanicsvlle, IA. It received its IRS tax-exemption ruling in January 1978, 48 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, Le Claire Elderly Housing Corp reported income of $160k and spending of $167k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $160k (-0.5%), an average of -0.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Le Claire Elderly Housing Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include County Line Volunteer Fire Dept ($160k), Our Fair Carousel Inc ($160k) and Chelsea Education Foundation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $307k against liabilities of $209k, net assets of $98k.