Lewis-Toran Retirement Community Inc

Analysis

Lewis-Toran Retirement Community Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2024, Lewis-Toran Retirement Community Inc reported income of $162k and spending of $170k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $132k to $162k (+23%), an average of +5.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lewis-Toran Retirement Community Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Ahepa 371 Inc ($162k), Louie Street Apartments Inc ($162k) and Vets Advocacy Inc ($162k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $28k. At year end it held assets of $569k against liabilities of $940k, net assets of -$372k.

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.