LMHC Properties Inc

Analysis

LMHC Properties Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in November 1989, 37 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 (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 2024, LMHC Properties Inc reported income of $158k and spending of $202k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $170k to $158k (-7.0%), an average of -1.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LMHC Properties Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Stansbury Homes Inc ($158k), West Central Mountains Housing Trust Inc ($158k) and Virginia Crest Village Inc ($158k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $596k against liabilities of $1.4m, net assets of -$795k.

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.