Lutheran Housing Services Number 5incorporated

Analysis

Lutheran Housing Services Number 5incorporated is a registered charity in United States, based in Gibsonburg, 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 (gross receipts test) 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 5incorporated reported income of $567k and spending of $513k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $567k (+12%), an average of +3.0% a year. 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 5incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Transformation Montgomery Inc ($567k), Housing Opportunities Made Economical Inc ($567k) and Mae House ($567k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$83k.