St Lukes Homes Inc

Analysis

St Lukes Homes Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 1990, 36 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 June 2023, St Lukes Homes Inc reported income of $171k and spending of $197k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $189k to $171k (-9.6%), an average of -2.5% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lukes Homes Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include New Trier Parents Association New Trier Township High School ($171k), Beth Shalom Cemetery ($171k) and Creston Area Food Pantry Inc ($171k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $467k against liabilities of $771k, net assets of -$304k.

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.