Lutheran Housing Services Number 2incorporated

Analysis

Lutheran Housing Services Number 2incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 1980, 46 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 Number 2incorporated reported income of $772k and spending of $607k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $772k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 91% 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 Number 2incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Coalicion Apoyo Continuo a Personas Sir Hogar S J ($772k), Furnish for Good ($772k) and Midwest Adoption Center Inc ($772k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $5,273.