Lasker Village Apartments

Analysis

Lasker Village Apartments is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Lasker Village Apartments reported income of $147k and spending of $177k, spending 121% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $128k to $147k (+15%), an average of +3.5% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lasker Village Apartments sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Idaho Affordable Housing Management Association ($147k), Hbhci Hud 8 Inc ($147k) and Elderly Citizens Housing Opportunities Inc ($147k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $596k against liabilities of $16k, net assets of $580k.

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.