Lutheran Housing Services 9 Incorporated

Analysis

Lutheran Housing Services 9 Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1995, 31 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, Lutheran Housing Services 9 Incorporated reported income of $699k and spending of $569k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $511k to $699k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Housing Services 9 Incorporated 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 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Hope in a Suitcase ($699k), Educating Communities for Parenting ($699k) and Nehemiah Expansion ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. At year end it held assets of $4.6m against liabilities of $9.1m, net assets of -$4.4m.