Lutheran Housing Corporation of Oil City Inc

Analysis

Lutheran Housing Corporation of Oil City Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Lutheran Housing Corporation of Oil City Inc reported income of $346k and spending of $479k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $334k to $346k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Housing Corporation of Oil City Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Houston Tri Delta Philanthropies Inc ($346k), National Bighorn Sheep Center Inc ($346k) and Hempfield Volunteer Fire Dept & Hempfield Township Volunteer Fire ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 37% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.7m against liabilities of $737k, net assets of $999k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.