Eger Lutheran Homes and Services Inc

Analysis

Eger Lutheran Homes and Services Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 1956, 70 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, Eger Lutheran Homes and Services Inc reported income of $614k and spending of $636k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $853k to $614k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eger Lutheran Homes and Services Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Protect What We Love ($614k), Vanderburgh County 4-H Club ($614k) and Given Institute Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $5.8m against liabilities of $3.3m, net assets of $2.6m.

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.