St Luke Lutheran Community - Minerva

Analysis

St Luke Lutheran Community - Minerva is a registered charity in United States, based in North Canton, OH. 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 December 2023, St Luke Lutheran Community - Minerva reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Luke Lutheran Community - Minerva sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Friends of the Spur Texas Fire Department ($1.4m), Maryland Association of Community Services for Persons with Develop ($1.4m) and Howard Jarvis Taxpayers Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Other salaries and wages came to $481k. At year end it held assets of $3.8m against liabilities of $4.3m, net assets of -$505k. It reported 34 employees.

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.