Lafayette Senior Housing Association Inc

Analysis

Lafayette Senior Housing Association Inc is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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 June 2023, Lafayette Senior Housing Association Inc reported income of $1.9m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafayette Senior Housing Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Roever Evangelistic Association Inc ($1.9m), Branch County Coalition Against Domestic Violence ($1.9m) and Love Inc of Newaygo County ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Other salaries and wages came to $266k. At year end it held assets of $15.7m against liabilities of $12.1m, net assets of $3.7m.