Lutheran Housing Services 18 Incorporated

Analysis

Lutheran Housing Services 18 Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Services 18 Incorporated reported income of $332k and spending of $411k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $332k (+0.9%), an average of +0.2% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Housing Services 18 Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Turn the Hearts ($332k), Shepherd Oak West Apartments Inc ($333k) and Coalition for Home Repair ($332k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $156k, net assets of $2.3m.

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.