Luther Haven

Analysis

Luther Haven is a registered charity in United States, based in Montevideo, MN. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luther Haven reported income of $11.4m and spending of $9.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $11.4m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Luther Haven sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Miriams Kitchen ($11.4m), Crossroads Programs Inc ($11.4m) and Horry Country Disabilities and Special Needs Board ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $159k (1.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $8.1m against liabilities of $665k, net assets of $7.5m. It reported 172 employees.