Lane Manor RHF Housing Inc

Analysis

Lane Manor RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 2012, 14 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 September 2023, Lane Manor RHF Housing Inc reported income of $408k and spending of $547k, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $327k to $408k (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lane Manor RHF Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Concord Housing Development Corp ($408k), San Miguel Housing Development Fund Company Inc ($408k) and National Church Residences of ($408k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. At year end it held assets of $4.0m against liabilities of $6.0m, net assets of -$2.1m.

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.