Lenoir City Housing & Community Development Corporation

Analysis

Lenoir City Housing & Community Development Corporation is a registered charity in United States, based in Lenoir City, TN. It received its IRS tax-exemption ruling in May 2001, 25 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 September 2023, Lenoir City Housing & Community Development Corporation reported income of $189k and spending of $225k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $187k to $189k (+1.0%), an average of +0.3% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lenoir City Housing & Community Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Richland Four Ninety Inc ($189k), Apostolic Temple Village Association Inc ($189k) and Sabin Group I ($189k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $618k against liabilities of $948k, net assets of -$330k.