Martin Luther Home Corporation

Analysis

Martin Luther Home Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 1961, 65 years ago. 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 2021, Martin Luther Home Corporation reported income of $14.5m and spending of $16.6m, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $15.1m to $14.5m (-4.5%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin Luther Home Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Oak Hill School ($14.5m), Blue Ridge Health Center Inc ($14.5m) and Interchurch Center ($14.4m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 5.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $165k (1.0% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $31.2m against liabilities of $32.4m, net assets of -$1.2m. It reported 385 employees.