Lutheran Home Forsyth County Property Inc

Analysis

Lutheran Home Forsyth County Property Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Lutheran Home Forsyth County Property Inc reported income of $1.0m and spending of $765k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $709k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home Forsyth County Property Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Trenton Downtown Association Inc ($1.0m), Accelertor for America ($1.0m) and Qubic Labs Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 67% of the total. At year end it held assets of $12.9m against liabilities of $12.6m, net assets of $252k.