Luther Oaks Inc

Analysis

Luther Oaks Inc is a registered charity in United States, based in Bloomington, IL. 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 June 2023, Luther Oaks Inc reported income of $11.6m and spending of $12.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $11.6m (+24%), an average of +5.6% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luther Oaks Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include South Yuba River Citizens League ($11.6m), St Barnabas Health System Inc ($11.6m) and Recovery Resource Council ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $33.0m against liabilities of $48.9m, net assets of -$15.9m. It reported 178 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.