Lonoke Housing Inc

Analysis

Lonoke Housing Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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 June 2024, Lonoke Housing Inc reported income of $274k and spending of $170k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $258k to $274k (+6.3%), an average of +2.1% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lonoke Housing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AR. Charities of a similar size with the same main cause include Ymbl Sunshine Foundation ($274k), Boylston Housing Inc ($274k) and South Sioux City Community Foundation Inc ($274k).

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 $50k. At year end it held assets of $709k against liabilities of $84k, net assets of $625k.