L a Family Housing Corporation

Analysis

L a Family Housing Corporation is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, L a Family Housing Corporation reported income of $71.5m and spending of $90.8m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.0m to $71.5m (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L a Family Housing Corporation sits at the 99th 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 Cardinal McCloskey School & Home for Children Inc ($71.5m), Wu Yee Childrens Services ($71.8m) and Southern Monterey County Memorial Hospital ($71.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $2.7m (2.9% of expenses). Other salaries and wages came to $30.1m. At year end it held assets of $164.7m against liabilities of $127.5m, net assets of $37.2m. It reported 690 employees.