Lincoln Avenue Apartments Inc

Analysis

Lincoln Avenue Apartments Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in August 1994, 32 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, Lincoln Avenue Apartments Inc reported income of $195k and spending of $190k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $195k (+37%), an average of +8.1% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lincoln Avenue Apartments Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Statewide Bay Landing II Inc ($195k), Bethany Villa Housing Association Incorporated II ($195k) and Neighborhood Improvement Development Corporation Inc ($195k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $50k. At year end it held assets of $851k against liabilities of $982k, net assets of -$131k.