Lance Housing Corporation

Analysis

Lance Housing Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1996, 30 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, Lance Housing Corporation reported income of $761k and spending of $793k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $761k (+10.0%), an average of +2.4% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lance Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include 73rd & Dobson Housing Corp ($760k), Maurice Schwartz Towers Incorporated ($761k) and 1850 Second Avenue Services Corp ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 87% of the total. At year end it held assets of $1.9m against liabilities of $213k, net assets of $1.7m.

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.