Lowenstein House

Analysis

Lowenstein House is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lowenstein House reported income of $536k and spending of $630k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $536k (-70%), an average of -26% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lowenstein House sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Somebody Cares New England Inc ($536k), New Jersey State Elks Assoc National Veterans Service Charity ($536k) and Nebraska Pga Foundation ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $313k. At year end it held assets of $759k against liabilities of $324k, net assets of $434k. It reported 10 employees.