Low Income Investment Fund

Analysis

Low Income Investment Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Low Income Investment Fund reported income of $108.0m and spending of $102.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $54.3m to $108.0m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Low Income Investment Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Weingart Center Association ($107.0m), National Church Residences ($109.4m) and Cedar Crest Village LLC ($106.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $2.3m (2.2% of expenses). Other salaries and wages came to $17.0m. At year end it held assets of $642.7m against liabilities of $486.3m, net assets of $156.4m. It reported 155 employees.