Annetta M Lane Housing Inc

Analysis

Annetta M Lane Housing Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in July 1994, 32 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 March 2023, Annetta M Lane Housing Inc reported income of $368k and spending of $369k, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $340k to $368k (+8.1%), an average of +2.6% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Annetta M Lane Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Wildflower Foundation ($368k), Big Brothers & Big Sisters Foundation of Greater Cincinnati I ($368k) and Los Altos Aquatics Club Inc ($368k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $1.0m against liabilities of $2.1m, net assets of -$1.0m.