Lorenzos House

Analysis

Lorenzos House is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lorenzos House reported income of $502k and spending of $472k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $668k to $502k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lorenzos House sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Lewisburg Area Child Care Center ($502k), Open Hands Midway Inc ($502k) and Houston-Trinity Counties Childrens Advocacy Center Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $151k (32% of expenses). At year end it held assets of $190k against liabilities of $75k, net assets of $115k. It reported 2 employees.