Lotus Community Project Inc

Analysis

Lotus Community Project Inc is a registered charity in United States, based in Vincent, IA. It received its IRS tax-exemption ruling in July 2018, 8 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, Lotus Community Project Inc reported income of $220k and spending of $211k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $220k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lotus Community Project Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Searcy Housing Solutions Inc ($220k), Dana Point Womens Club Inc ($220k) and Affordable Housing Services ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Other salaries and wages came to $87k. At year end it held assets of $605k against liabilities of $2,213, net assets of $603k. It reported 4 employees.