Lutheran Home at Trinity Oaks Property Inc

Analysis

Lutheran Home at Trinity Oaks 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 at Trinity Oaks Property Inc reported income of $753k and spending of $451k, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $660k to $753k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home at Trinity Oaks Property Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Volunteer Services of Carlton County Inc ($753k), Orlando Area Rowing Society Inc ($753k) and Taylorsville Community Church ($752k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $10.9m against liabilities of $1.3m, net assets of $9.7m.