Lutheran Knolls North Inc

Analysis

Lutheran Knolls North Inc is a registered charity in United States, based in Boothwyn, PA. It received its IRS tax-exemption ruling in November 1990, 36 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 June 2024, Lutheran Knolls North Inc reported income of $933k and spending of $817k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $855k to $933k (+9.1%), an average of +1.8% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Knolls North Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Kunia Village Development Corporation ($932k), Lucille Clark Housing Development Fund Co Inc ($933k) and Life Beyond Inc ($931k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $20k (2.5% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$151k.