Lutheran Housing Services Inc

Analysis

Lutheran Housing Services Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in July 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Services Inc reported income of $923k and spending of $696k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $827k to $923k (+12%), an average of +2.8% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Housing Services Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Peaceful Pastures Housing Inc ($922k), Palermo Lakes Inc ($923k) and The Home Ownership Center of Greater Cincinnati Inc ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Other salaries and wages came to $43k. At year end it held assets of $2.4m against liabilities of $1.6m, net assets of $789k.