Niagara Lutheran Home Foundation Inc

Analysis

Niagara Lutheran Home Foundation Inc is a registered charity in United States, based in Lancaster, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Niagara Lutheran Home Foundation Inc reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.2m (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Niagara Lutheran Home Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include St James Day School ($1.2m), Our House Inc ($1.2m) and Milwaukee Turners Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $150k (11% of expenses). Other salaries and wages came to $47k. At year end it held assets of $22.1m against liabilities of $72k, net assets of $22.0m.