Lutheran Nonprofit Housing Corporation-Lansing

Analysis

Lutheran Nonprofit Housing Corporation-Lansing is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Nonprofit Housing Corporation-Lansing reported income of $129k and spending of $167k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $129k (+1.7%), an average of +0.4% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Nonprofit Housing Corporation-Lansing sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Worthington Christian Village Benevolent Association Inc ($129k), Northeast Georgia Housing Corporation ($129k) and Cambray Housing Corporation ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 103% of the total. Other salaries and wages came to $28k. At year end it held assets of $951k against liabilities of $1.3m, net assets of -$369k.

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.