Lutheran Senior Housing of Cheboygan

Analysis

Lutheran Senior Housing of Cheboygan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Senior Housing of Cheboygan reported income of $283k and spending of $216k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $283k (+5.9%), an average of +1.4% a year. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Senior Housing of Cheboygan sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include The Community Survival Center Inc ($283k), Palatine Township Needy Family Fund Inc ($283k) and Lifebridge Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $40k. At year end it held assets of $251k against liabilities of $788k, net assets of -$537k.