Lincoln Senior Housing Inc

Analysis

Lincoln Senior Housing Inc is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in August 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln Senior Housing Inc reported income of $607k and spending of $625k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $607k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lincoln Senior Housing Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Calvary Housing Development Limited ($607k), Safe Harbour Inc ($608k) and Ahepa 3 Inc ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $110k. At year end it held assets of $3.3m against liabilities of $122k, net assets of $3.2m.

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.