Lutheran Social Services of Central Ohio Marion Place II Housing Inc

Analysis

Lutheran Social Services of Central Ohio Marion Place II Housing Inc is a registered charity in United States, based in Columbus, OH. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lutheran Social Services of Central Ohio Marion Place II Housing Inc reported income of $99k and spending of $138k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $119k to $99k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Social Services of Central Ohio Marion Place II Housing Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Deep River Mission Inc ($99k), Wemar Homes Inc ($99k) and Richardville Apartments Inc ($99k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $1.1m against liabilities of $40k, net assets of $1.1m.

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.