Luther Court Inc

Analysis

Luther Court Inc is a registered charity in United States, based in Cranberry TWP, PA. It received its IRS tax-exemption ruling in June 1987, 39 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 2023, Luther Court Inc reported income of $437k and spending of $517k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $417k to $437k (+4.7%), an average of +1.2% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther Court Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Westminster Jefferson Park Housing ($437k), Umphress Terrace ($437k) and Montclair Shared Housing Association Inc ($437k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $106k. At year end it held assets of $1.3m against liabilities of $1.5m, net assets of -$250k.