Luther Heights Inc

Analysis

Luther Heights Inc is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Luther Heights Inc reported income of $334k and spending of $370k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $334k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Luther Heights Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Restoration House Ministries ($333k), Corpus Christi International Seafarers Center ($334k) and St Vincent de Paul of Columbus Inc ($333k).

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 $79k. At year end it held assets of $1.1m against liabilities of $52k, net assets of $1.0m.

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.