Lutheran Housing Services Incorporated

Analysis

Lutheran Housing Services Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Incorporated reported income of $297k and spending of $331k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $297k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 135% 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 Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Facts-Sunrise Inc ($297k), Baileys Grove Retirement Community Inc ($297k) and Community Housing Trust of Sarasota Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 63% of the total. At year end it held assets of $1.9m against liabilities of $141k, net assets of $1.7m.

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.