Latvian Evangelical Lutheran Church Home for the Elderly Inc

Analysis

Latvian Evangelical Lutheran Church Home for the Elderly Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1990, 36 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 (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, Latvian Evangelical Lutheran Church Home for the Elderly Inc reported income of $161k and spending of $119k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $161k (+10%), an average of +2.4% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Latvian Evangelical Lutheran Church Home for the Elderly Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Carlsbad Community of Hope Center Inc ($160k), MZ Shirliz Tansitional ($161k) and North Town Las Casitas Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 89% of the total. At year end it held assets of $1.4m against liabilities of $202k, net assets of $1.2m.