Camden Lutheran Housing Corporation

Analysis

Camden Lutheran Housing Corporation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in June 1982, 44 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, Camden Lutheran Housing Corporation reported income of $1.3m and spending of $1.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.3m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Camden Lutheran Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Louisiana Mental Health Association ($1.3m), Habitat for Humanity International Inc ($1.3m) and Matthews Athletic Recreation Associ ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $104k (10% of expenses). Other salaries and wages came to $315k. At year end it held assets of $2.6m against liabilities of $712k, net assets of $1.9m. It reported 23 employees.