LCH Benefit TR

Analysis

LCH Benefit TR is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LCH Benefit TR reported income of $1.0m and spending of $70k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $775k to $1.0m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LCH Benefit TR sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Ascending to Health Respite Care Inc ($1.0m), Family Promise of Western New York ($1.0m) and Crystal Lake Preservation Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $5.1m against liabilities of $2,000, net assets of $5.1m.