L & S Housing Corporation

Analysis

L & S Housing Corporation is a registered charity in United States, based in Snyder, NE. It received its IRS tax-exemption ruling in April 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, L & S Housing Corporation reported income of $56k and spending of $80k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $56k (-0.6%), an average of -0.6% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, L & S Housing Corporation sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within NE. Charities of a similar size with the same main cause include Pono Homes Inc ($56k), Lifeark Community Inc ($56k) and Synergy Village ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. At year end it held assets of $313k against liabilities of $144k, net assets of $170k.