National Lutheran Inc

Analysis

National Lutheran Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2015, 11 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, National Lutheran Inc reported income of $8.6m and spending of $10.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $8.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Lutheran Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Rural Communities Housing Development Corporation ($8.5m), Ark Regional Services Inc ($8.6m) and Affordable Communities Inc Parent Return ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $862k (8.6% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $12.3m against liabilities of $22.4m, net assets of -$10.1m. It reported 98 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.