Lutheran Housing Development Fund Corporation of Pawling

Analysis

Lutheran Housing Development Fund Corporation of Pawling is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Development Fund Corporation of Pawling reported income of $881k and spending of $998k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $881k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 35%. 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, Lutheran Housing Development Fund Corporation of Pawling sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Contra Costa County Housing Corporation ($880k), Prairieland Council Inc NFP ($881k) and Evanswood 202 Housing Corporation ($880k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $204k. At year end it held assets of $3.8m against liabilities of $3.7m, net assets of $92k. It reported 3 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.