Luther Park Health Center Inc

Analysis

Luther Park Health Center Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. 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, Luther Park Health Center Inc reported income of $14.3m and spending of $14.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.2m to $14.3m (+0.7%), an average of +0.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luther Park Health Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Northern Valley Catholic Social Service Inc ($14.3m), Cenic California Middle Mile Broadband Initiative LLC ($14.3m) and Arc of New Jersey Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $7.7m. At year end it held assets of $14.3m against liabilities of $10.9m, net assets of $3.5m.

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.