Lincoln Road Benevolent Corporation

Analysis

Lincoln Road Benevolent Corporation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 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 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 December 2023, Lincoln Road Benevolent Corporation reported income of $181k and spending of $276k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $181k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lincoln Road Benevolent Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Flora Apartments Inc ($181k), Northwest Housing Initiative Inc ($181k) and Unity Court Apartments Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $45k. At year end it held assets of $687k against liabilities of $71k, net assets of $616k. It reported 2 employees.

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.