Lutheran Nonprofit Housing Coprporation-Calvary

Analysis

Lutheran Nonprofit Housing Coprporation-Calvary is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2014, 12 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, Lutheran Nonprofit Housing Coprporation-Calvary reported income of $350k and spending of $602k, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $350k (+3.5%), an average of +0.9% a year. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Nonprofit Housing Coprporation-Calvary sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Reach Project ($350k), Salvation Army Missoula Residences Inc ($351k) and Capitol Lakes Foundation Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 102% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.6m against liabilities of $5.5m, net assets of -$3.9m.

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.