Luther Village II of Dover Inc

Analysis

Luther Village II of Dover Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in March 2007, 19 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 June 2024, Luther Village II of Dover Inc reported income of $334k and spending of $400k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $239k to $334k (+40%), an average of +8.8% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther Village II of Dover Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 58th percentile within DE. Charities of a similar size with the same main cause include Larksfield Place Foundation Inc ($334k), New Development Corporation ($334k) and New Beginnings of Southwest Florida ($334k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 47% of the total. Other salaries and wages came to $98k. At year end it held assets of $3.7m against liabilities of $327k, net assets of $3.4m.

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.