Leisure Homestead Association

Analysis

Leisure Homestead Association is a registered charity in United States, based in Stafford, KS. It received its IRS tax-exemption ruling in February 1974, 52 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, Leisure Homestead Association reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.2m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leisure Homestead Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Independence of Portage County Inc ($3.2m), Highview Retirement Home Association ($3.2m) and Care at Home Diocese of Brooklyn ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $196k (6.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.6m against liabilities of $359k, net assets of $3.2m. It reported 57 employees.