Lutheran Church Home at Greenfield Inc

Analysis

Lutheran Church Home at Greenfield Inc is a registered charity in United States, based in Lancaster, NY. It received its IRS tax-exemption ruling in April 2000, 26 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 (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 Church Home at Greenfield Inc reported income of $2.9m and spending of $3.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.9m (+7.1%), an average of +1.7% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Church Home at Greenfield Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Pathstone Corporation ($2.9m), Nutley Parkside ($2.9m) and Ponderosa Apartments Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $696k. At year end it held assets of $1.6m against liabilities of $787k, net assets of $818k. It reported 50 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.