Chrysalis Lutheran Homes Inc

Analysis

Chrysalis Lutheran Homes Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in June 1978, 48 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 August 2023, Chrysalis Lutheran Homes Inc reported income of $650k and spending of $653k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $530k to $650k (+23%), an average of +5.2% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chrysalis Lutheran Homes Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Telacu Housing-San Bernardino Inc ($650k), Family Promise of Jacksonville Inc ($650k) and Affordable Housing Development Corp ($650k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.2m against liabilities of $1.8m, net assets of -$574k. It reported 7 employees.

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.