Lee Central Enriched Housing Inc

Analysis

Lee Central Enriched Housing Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in November 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lee Central Enriched Housing Inc reported income of $446k and spending of $659k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $446k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lee Central Enriched Housing Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include American Association of Residential Mortgage Regulators ($445k), Kukui Kauhale Inc ($446k) and Asbury Arms North Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.2m against liabilities of $6.2m, net assets of -$3.0m.

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.