Lutheran Home Wilmington Property Inc

Analysis

Lutheran Home Wilmington Property Inc is a registered charity in United States, based in Salisbury, NC. 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 September 2023, Lutheran Home Wilmington Property Inc reported income of $784k and spending of $746k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $782k to $784k (+0.3%), an average of +0.1% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home Wilmington Property Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Park City Conservation Association ($784k), Society of the Precious Blood Senior Housing Corporation ($784k) and Adoption Circle Inc ($784k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $12.5m against liabilities of $15.6m, net assets of -$3.1m.