Jamestown Lutheran Housingcorporation

Analysis

Jamestown Lutheran Housingcorporation is a registered charity in United States, based in Pittsburgh, PA. 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 2023, Jamestown Lutheran Housingcorporation reported income of $219k and spending of $302k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $174k to $219k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jamestown Lutheran Housingcorporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Ecoa Elderly Housing Corporation ($219k), Boston Affordable Housing Coalition Inc ($219k) and Brookings Good Samaritan Housing Inc ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $28k. At year end it held assets of $2.3m against liabilities of $456k, net assets of $1.9m.

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.