Luther House IV Inc

Analysis

Luther House IV Inc is a registered charity in United States, based in West Grove, PA. It received its IRS tax-exemption ruling in October 2007, 19 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 House IV Inc reported income of $425k and spending of $520k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $425k (+20%), an average of +4.6% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther House IV Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Weehawken Senior Housing Rehabilitation Corporation ($425k), 419 Walnut Inc ($425k) and Opportunities Unlimited of Erie ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $26k (5.0% of expenses). Other salaries and wages came to $73k. At year end it held assets of $5.1m against liabilities of $543k, net assets of $4.5m.

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.