Shenandoah Valley Lutheran Housing Incorporated

Analysis

Shenandoah Valley Lutheran Housing Incorporated is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shenandoah Valley Lutheran Housing Incorporated reported income of $354k and spending of $377k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $354k (+6.1%), an average of +1.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shenandoah Valley Lutheran Housing Incorporated 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 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include 1708 Gallery Inc ($354k), Allegany Association for Childhood Education Incorporated ($354k) and Pro-Life Pregancy Counseling & Educational League of San Diego ($354k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $58k. At year end it held assets of $726k against liabilities of $1.2m, net assets of -$477k.

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.