Lotus Care House

Analysis

Lotus Care House is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2022, 4 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 Care House reported income of $180k and spending of $506k, spending 282% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.1m to $180k (-94%), an average of -76% a year. The sharpest change came in the year to December 2022, when income dropped by 93%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lotus Care House sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within MO. Charities of a similar size with the same main cause include Volunteers of America Inc ($180k), Community Housing Development Organization of Western Indiana in ($180k) and Norfolk Housing Development Corporation ($180k).

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 $78k (15% of expenses). Other salaries and wages came to $220k. At year end it held assets of $58k against liabilities of $58k, net assets of $0. It reported 2 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.