Lowden Retirement Housing Corporation

Analysis

Lowden Retirement Housing Corporation is a registered charity in United States, based in Mechanicsvlle, IA. It received its IRS tax-exemption ruling in October 1985, 41 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, Lowden Retirement Housing Corporation reported income of $98k and spending of $80k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $98k (-1.2%), an average of -1.2% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lowden Retirement Housing Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Castle Rock Chamber Foundation ($98k), Jackson Historical Society ($98k) and California Latino Capitol Association Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 29% of the total. At year end it held assets of $208k against liabilities of $307k, net assets of -$99k.