East Lake Housing Corporation

Analysis

East Lake Housing Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1997, 29 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, East Lake Housing Corporation reported income of $380k and spending of $76k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $380k (-78%), an average of -32% a year. The sharpest change came in the year to December 2020, when income rose by 1047%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Lake Housing Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Holie III Inc ($380k), Tri-Cities Terrace I ($380k) and Barrett Dewitt Housing Development Fund Company Inc ($380k).

At year end it held assets of $16.0m against liabilities of $0, net assets of $16.0m.