Loveland Elder Green House Homes for Life Enrichment a Colorado Non

Analysis

Loveland Elder Green House Homes for Life Enrichment a Colorado Non is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Loveland Elder Green House Homes for Life Enrichment a Colorado Non reported income of $11.9m and spending of $14.7m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $11.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loveland Elder Green House Homes for Life Enrichment a Colorado Non sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Englewood Community Development Corporation ($11.8m), Rochester Management Inc ($11.9m) and People Serving People Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $21.9m against liabilities of $30.0m, net assets of -$8.2m. It reported 345 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.