Lake County Community Housing

Analysis

Lake County Community Housing is a registered charity in United States, based in Ronan, MT. It received its IRS tax-exemption ruling in January 1999, 27 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, Lake County Community Housing reported income of $531k and spending of $586k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $404k to $531k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake County Community Housing sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MT. Charities of a similar size with the same main cause include Alliance for the Betterment of Citizens with Disabilities Inc ($531k), Core Association Inc ($531k) and Franklinton Rising ($531k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $90k. At year end it held assets of $4.2m against liabilities of $1.9m, net assets of $2.3m. It reported 5 employees.