Lutheran Development Group Inc

Analysis

Lutheran Development Group Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2016, 10 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 2022, Lutheran Development Group Inc reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $789k to $1.5m (+92%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Development Group 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 83rd percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Colony Retirement Homes of Holden Inc ($1.5m), Almond Court Inc ($1.5m) and Compass Realty & Construction Group ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 55% of the total. Other salaries and wages came to $634k. At year end it held assets of $5.6m against liabilities of $6.3m, net assets of -$704k. It reported 17 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.