The Lotus Campaign Inc

Analysis

The Lotus Campaign Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 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, The Lotus Campaign Inc reported income of $724k and spending of $919k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $724k (+412%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Lotus Campaign Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Volunteers of America Inc ($724k), Living in Liberty ($724k) and Greensboro Housing Management Corporation ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (24% of expenses). Other salaries and wages came to $128k. At year end it held assets of $516k against liabilities of $9,041, net assets of $507k. It reported 7 employees.