Luke Inc

Analysis

Luke Inc is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in July 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luke Inc reported income of $23.1m and spending of $39.2m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $23.1m (+4360%), an average of +158% a year. The sharpest change came in the year to December 2022, when income rose by 593%. Over the whole period it spent 214% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luke Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Distinctive Health Solutions Inc ($23.1m), Bonita Springs Retirement Village Inc ($23.3m) and National Low Income Housing Coalition and Low Income Housing ($23.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $248.1m against liabilities of $298.5m, net assets of -$50.4m. It reported 491 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.