Concordia Lutheran Ministries of Pittsburgh

Analysis

Concordia Lutheran Ministries of Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2010, 16 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, Concordia Lutheran Ministries of Pittsburgh reported income of $55.5m and spending of $51.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.7m to $55.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concordia Lutheran Ministries of Pittsburgh sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Eagles Trace Inc ($55.2m), Midpen Housing Corporation ($55.7m) and Mercy House Living Centers ($54.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $218k (0.4% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $103.7m against liabilities of $57.2m, net assets of $46.5m. It reported 1,104 employees.