Lutheran Housing Services 7 Incorporated

Analysis

Lutheran Housing Services 7 Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Services 7 Incorporated reported income of $381k and spending of $437k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $381k (+1.9%), an average of +0.5% a year. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Housing Services 7 Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Hubert Volunteer Fire Department Inc ($381k), American Academy of Head Facial and Neck Pain & TMJ Orthopedics ($381k) and San Ramon Valley Girls Athletic League ($381k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.9m against liabilities of $3.4m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.