Lutheran Housing Corporation of Central Indiana

Analysis

Lutheran Housing Corporation of Central Indiana is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 December 2023, Lutheran Housing Corporation of Central Indiana reported income of $264k and spending of $249k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $264k (+0.8%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Housing Corporation of Central Indiana sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Music Mends Minds Inc ($264k), The Nassau Foundation Inc ($264k) and Nami Central Iowa ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Other salaries and wages came to $64k. At year end it held assets of $211k against liabilities of $446k, net assets of -$234k.