Luther Knoll Inc

Analysis

Luther Knoll Inc is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in March 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luther Knoll Inc reported income of $314k and spending of $350k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $314k (+23%), an average of +5.3% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther Knoll Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include San Antonio Affordable Housing Inc ($314k), Urban Alliance Inc ($314k) and Booth Manor Two Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.7m against liabilities of $45k, 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.