Monterey Park Lions Club Senior Citizens Housing Corporation

Analysis

Monterey Park Lions Club Senior Citizens Housing Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Monterey Park Lions Club Senior Citizens Housing Corporation reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+7.7%), an average of +1.9% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monterey Park Lions Club Senior Citizens Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Nehemiah Group ($1.8m), Peralta Service Corp ($1.8m) and Right Place Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 36% of the total. Other salaries and wages came to $292k. At year end it held assets of $9.9m against liabilities of $7.2m, net assets of $2.7m. It reported 5 employees.