St Luke Housing Ministry Inc

Analysis

St Luke Housing Ministry Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Luke Housing Ministry Inc reported income of $326k and spending of $351k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $326k (+18%), an average of +4.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Luke Housing Ministry Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Ccu Student Housing Foundation ($326k), New Oaks Affordable Housing LLC ($327k) and Bethesda House Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $1.6m against liabilities of $2.5m, net assets of -$891k.

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.