Loyal Heights Manor

Analysis

Loyal Heights Manor is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in December 1978, 48 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 March 2024, Loyal Heights Manor reported income of $1.4m and spending of $1.2m, spending 82% of its income. Across the 6 years on record, from December 2019 to March 2024, income grew from $1.0m to $1.4m (+37%), an average of +6.5% a year. The sharpest change came in the year to March 2022, when income rose by 221%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loyal Heights Manor sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Sixty Six Washington Street Inc ($1.4m), Belmont Boulevard II Housing Development Fund Corporation ($1.4m) and Lake Area Development Corporation ($1.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 52% and program service revenue 28% of the total. Other salaries and wages came to $225k. At year end it held assets of $6.9m against liabilities of $7.3m, net assets of -$466k.