Tonopah Lamb Senior Housing Inc

Analysis

Tonopah Lamb Senior Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 2011, 15 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 March 2024, Tonopah Lamb Senior Housing Inc reported income of $222k and spending of $380k, spending 171% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $202k to $222k (+9.9%), an average of +2.4% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tonopah Lamb Senior Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Illinois Valley Family Coalition ($222k), Bensonhurst Housing for the Elderly ($222k) and Buckelew Housing ($222k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 52% and program service revenue 46% of the total. Other salaries and wages came to $55k. At year end it held assets of $4.0m against liabilities of $125k, net assets of $3.9m.

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.