Luther Home of Mercy Foundation

Analysis

Luther Home of Mercy Foundation is a registered charity in United States, based in Williston, OH. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Luther Home of Mercy Foundation reported income of $2.1m and spending of $1.4m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.1m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Luther Home of Mercy Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Big Arts Organization Inc ($2.1m), Every Womans Place ($2.1m) and Heart and Soul Services Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $9.2m against liabilities of $9,233, net assets of $9.2m.