Lorenzo Farm Housing Association Inc

Analysis

Lorenzo Farm Housing Association Inc is a registered charity in United States, based in Lorenzo, TX. It received its IRS tax-exemption ruling in December 2009, 17 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 December 2022, Lorenzo Farm Housing Association Inc reported income of $323k and spending of $371k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $338k to $323k (-4.3%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lorenzo Farm Housing Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Steger II Housing Development Fund Company Inc ($323k), St Theresa House Inc ($323k) and Mason County Housing Options for Students in Transition ($323k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 25% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.7m against liabilities of $931k, net assets of $739k.

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.