Lone Star Garden Development Corp

Analysis

Lone Star Garden Development Corp is a registered charity in United States, based in Jasper, TX. It received its IRS tax-exemption ruling in May 2002, 24 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 2023, Lone Star Garden Development Corp reported income of $108k and spending of $152k, spending 141% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $84k to $108k (+28%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lone Star Garden Development Corp sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Liberty Community Integration Program II Inc ($108k), Tuskegee Housing Development Corporation ($108k) and Dima VI Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $502k against liabilities of $1.2m, net assets of -$726k. It reported 2 employees.

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.