Louisville Housing Opportunities and Microenterprise Comm Dev Loan

Analysis

Louisville Housing Opportunities and Microenterprise Comm Dev Loan is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2014, 12 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, Louisville Housing Opportunities and Microenterprise Comm Dev Loan reported income of $1.4m and spending of $1.9m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $830k to $1.4m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 278%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Louisville Housing Opportunities and Microenterprise Comm Dev Loan sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Freeport Housing Trust Inc ($1.4m), Keuka Housing Council Inc ($1.4m) and Massachusetts Chapter of the Natl Assoc of Housing & Redevelopment O ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. Other salaries and wages came to $687k. At year end it held assets of $4.5m against liabilities of $2.1m, net assets of $2.4m. It reported 10 employees.