Liberty Lutheran Housing Development Corporation

Analysis

Liberty Lutheran Housing Development Corporation is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Liberty Lutheran Housing Development Corporation reported income of $16.7m and spending of $16.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $16.7m (+21%), an average of +4.9% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Lutheran Housing Development Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Gilead Community Services Inc ($16.7m), West Central Missouri Community Action Agency ($16.7m) and Allegheny Christian Ministries Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $145k (0.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $56.4m against liabilities of $51.1m, net assets of $5.3m. It reported 239 employees.