St Luke Lutheran Community Portage Lakes

Analysis

St Luke Lutheran Community Portage Lakes is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Luke Lutheran Community Portage Lakes reported income of $3.5m and spending of $4.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $3.5m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Luke Lutheran Community Portage Lakes sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity Internatonal Inc ($3.5m), Centro de Los Derechos Del Migrante Inc ($3.5m) and The Philip Jaisohn Memorial Foundation Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Other salaries and wages came to $805k. At year end it held assets of $4.3m against liabilities of $5.1m, net assets of -$820k. It reported 30 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.