Lancaster Childrens Home Inc

Analysis

Lancaster Childrens Home Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in November 1962, 64 years ago. 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 June 2023, Lancaster Childrens Home Inc reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancaster Childrens Home Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($1.6m), California Energy Power and Innovation Collaborative ($1.6m) and Milestones Early Learning Center & Preschool ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $77k (4.8% of expenses). Other salaries and wages came to $900k. At year end it held assets of $1.8m against liabilities of $125k, net assets of $1.7m. It reported 54 employees.