Lutheran Ministries of Mercy Inc

Analysis

Lutheran Ministries of Mercy Inc is a registered charity in United States, based in Williston, OH. It received its IRS tax-exemption ruling in June 2014, 12 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, Lutheran Ministries of Mercy Inc reported income of $1.2m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $1.2m (+529%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 339%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Ministries of Mercy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Rancho Meridian Mobilehome Park Corporation ($1.2m), Empowered to Change Inc ($1.2m) and Midland Area Homes Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $266k (23% of expenses). Other salaries and wages came to $249k. At year end it held assets of $443k against liabilities of $113k, net assets of $330k. It reported 6 employees.