Lime House Senior Housing Inc

Analysis

Lime House Senior Housing Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, Lime House Senior Housing Inc reported income of $348k and spending of $506k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $369k to $348k (-5.6%), an average of -1.4% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lime House Senior Housing Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Peace Valley Haven Inc ($348k), Manville Hill Housing Corp ($348k) and Carl Inoway Senior Housing Corporation ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.6m against liabilities of $5.0m, net assets of -$3.3m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.