Niagara Lutheran Development Inc

Analysis

Niagara Lutheran Development Inc is a registered charity in United States, based in Lancaster, NY. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Niagara Lutheran Development Inc reported income of $24.9m and spending of $26.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.3m to $24.9m (+12%), an average of +2.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Niagara Lutheran Development Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Kokua Kalihi Valley Comprehensive Family Services ($24.9m), Family Health Care Clinic Inc ($24.9m) and Mental Health America of Dutchess County Inc ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $12.5m. At year end it held assets of $27.3m against liabilities of $9.3m, net assets of $18.0m. It reported 554 employees.