Lutheran Home Foundation Inc

Analysis

Lutheran Home Foundation Inc is a registered charity in United States, based in Wauwatosa, WI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Home Foundation Inc reported income of $1.4m and spending of $793k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $1.4m (-67%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 109%. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Home Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Clearer Vision ($1.4m), Banyan Club Apartments Holding Corporation ($1.4m) and Braveheart Properties of Brevard ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $12.5m against liabilities of $217k, net assets of $12.2m.