Lorien Homes Inc

Analysis

Lorien Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2005, 21 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 2023, Lorien Homes Inc reported income of $60k and spending of $101k, spending 168% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $63k to $60k (-4.1%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lorien Homes Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Glynn Paton Residential Corporation ($60k), Sunset Apartments ($60k) and New Start Housing Partners Inc ($60k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $668k against liabilities of $1.1m, net assets of -$423k.

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.