Lutheran Home Hickory Property Inc

Analysis

Lutheran Home Hickory Property Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Lutheran Home Hickory Property Inc reported income of $600k and spending of $541k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $600k to $600k (+0.0%), an average of +0.0% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home Hickory Property 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 73rd percentile within NC. Charities of a similar size with the same main cause include Santa Ynez Valley Senior Advisory Council ($600k), California State Library Foundation ($600k) and Wittenberg Manor II ($600k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.6m against liabilities of $2.2m, net assets of $3.5m.