Shepherd of the Valley Lutheran Retirement Services Inc

Analysis

Shepherd of the Valley Lutheran Retirement Services Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shepherd of the Valley Lutheran Retirement Services Inc reported income of $38.3m and spending of $38.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.8m to $38.3m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shepherd of the Valley Lutheran Retirement Services Inc sits at the 99th 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 98th percentile within OH. Charities of a similar size with the same main cause include Mid Florida Community Services Inc ($38.3m), Graceworks Lutheran Services ($38.3m) and Multicultural Community Service of the Pioneer Valley Inc ($38.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $986k (2.6% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $105.0m against liabilities of $60.1m, net assets of $44.9m. It reported 676 employees.