Lutheran Housing Services No 10 Incorporated

Analysis

Lutheran Housing Services No 10 Incorporated is a registered charity in United States, based in Bucyrus, OH. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 No 10 Incorporated reported income of $325k and spending of $409k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $325k (+1.5%), an average of +0.4% a year. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Housing Services No 10 Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Soaring to Achieve Resultssystematically Developmental Center ($325k), Stonewood Community Project Inc ($326k) and Stepping Stone Care LLC ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.6m against liabilities of $228k, net assets of $1.3m.

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.