Lao Park Housing Corporation

Analysis

Lao Park Housing Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lao Park Housing Corporation reported income of $542k and spending of $817k, spending 151% of what it took in. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lao Park Housing Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Jenks Mill Housing Corp ($542k), Ahepa 310-Vii Inc ($542k) and Find-A-Way II Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $112k. At year end it held assets of $1.8m against liabilities of $5.5m, net assets of -$3.7m.