Lutheran Homes Foundation

Analysis

Lutheran Homes Foundation is a registered charity in United States, based in Clinton, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lutheran Homes Foundation reported income of $520k and spending of $710k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $520k (+271%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 238%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Homes Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Chicago Volunteer Doulas Inc ($520k), Dedham Visionary Access Corporation ($520k) and Community Christian Child Care Center Inc ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $10.1m against liabilities of $8.7m, net assets of $1.3m.

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.