Lytton IV Housing Corporation

Analysis

Lytton IV Housing Corporation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in October 1992, 34 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 March 2023, Lytton IV Housing Corporation reported income of $466k and spending of $694k, spending 149% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $398k to $466k (+17%), an average of +5.3% a year. The sharpest change came in the year to March 2023, when income rose by 23%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lytton IV Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Eden Palms Inc ($466k), 2nd Story ($466k) and Disabled Adults Residential Enterprises ($466k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $94k. At year end it held assets of $22.5m against liabilities of $7.0m, net assets of $15.6m. It reported 3 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.