The Lutheran Village at Millers Grant Inc

Analysis

The Lutheran Village at Millers Grant Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in May 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Lutheran Village at Millers Grant Inc reported income of $24.8m and spending of $23.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.7m to $24.8m (+26%), an average of +5.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Lutheran Village at Millers Grant Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Baywood Court ($24.8m), Federation of Appalachian Housing Enterprises Inc ($24.9m) and Educational Housing Services Inc ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $195k (0.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $134.4m against liabilities of $150.5m, net assets of -$16.2m. It reported 282 employees.