LH Homes III Inc

Analysis

LH Homes III Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in March 2011, 15 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, LH Homes III Inc reported income of $102k and spending of $158k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $102k (+2.9%), an average of +0.7% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LH Homes III Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Volunteer Housing Management Corporation Inc ($102k), Hampton Falls Inc ($102k) and Dr Tom Richards Center Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $1.6m against liabilities of $2.1m, net assets of -$532k.

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.