Colony Housing Authority of Lamoni Iowa

Analysis

Colony Housing Authority of Lamoni Iowa is a registered charity in United States, based in Lamoni, IA. It received its IRS tax-exemption ruling in January 1983, 43 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, Colony Housing Authority of Lamoni Iowa reported income of $340k and spending of $335k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $340k (+2.8%), an average of +0.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colony Housing Authority of Lamoni Iowa sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Impact Evansville Inc ($340k), China Partner Inc ($340k) and Dakota Hospital Association and Foundation ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Other salaries and wages came to $45k. At year end it held assets of $669k against liabilities of $154k, net assets of $515k. It reported 1 employees.