Lutheran Development Corporation at Napoleon Ohio Inc

Analysis

Lutheran Development Corporation at Napoleon Ohio Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 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 Development Corporation at Napoleon Ohio Inc reported income of $61k and spending of $163k, spending 268% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $61k (-47%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Development Corporation at Napoleon Ohio Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include Zion Housing Development Corp ($61k), First Avenue Group Home Inc ($61k) and Summit Homes for Elderly Inc ($61k).

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 $1.3m against liabilities of $3.0m, net assets of -$1.7m.

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.