Lone Star Housing and Community Development Corporation

Analysis

Lone Star Housing and Community Development Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1995, 31 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, Lone Star Housing and Community Development Corporation reported income of $400k and spending of $511k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $400k (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 767%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lone Star Housing and Community Development Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include A & S Community Development Corporation ($400k), Pueblo Senior Housing Inc ($400k) and Northern Virginia Affordable Housing Alliance ($399k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. Other salaries and wages came to $129k. At year end it held assets of $24.1m against liabilities of $21.1m, net assets of $3.0m. It reported 1 employees.