Lutheran Housing Incorporated Luther Arms

Analysis

Lutheran Housing Incorporated Luther Arms is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 December 2023, Lutheran Housing Incorporated Luther Arms reported income of $3.6m and spending of $2.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.6m (+11%), an average of +2.6% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Housing Incorporated Luther Arms sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Guernsey County Senior Citizens Center Inc ($3.6m), Waltham Boys and Girls Club Inc ($3.6m) and K-Life Ministries ($3.6m).

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 $386k. At year end it held assets of $9.1m against liabilities of $2.6m, net assets of $6.5m. It reported 14 employees.