Lake Como Community of Hope Inc

Analysis

Lake Como Community of Hope Inc is a registered charity in United States, based in Dalls, TX. It received its IRS tax-exemption ruling in September 1983, 43 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, Lake Como Community of Hope Inc reported income of $402k and spending of $364k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $402k (+8.4%), an average of +2.0% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake Como Community of Hope Inc sits at the 53rd 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 Ucc IX Inc ($402k), Columbia Downtown Housing Corporation ($403k) and Pagedale RHF Housing Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $64k. At year end it held assets of $796k against liabilities of $1.7m, net assets of -$924k. It reported 2 employees.