Atonement Lutheran Housing Corp

Analysis

Atonement Lutheran Housing Corp is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in March 1991, 35 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, Atonement Lutheran Housing Corp reported income of $209k and spending of $252k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $209k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. 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, Atonement Lutheran Housing Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include United Seniors of Oakland & Alameda County ($209k), Society of Labor Economists ($209k) and Deltaarts Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $693k against liabilities of $772k, net assets of -$79k. It reported 3 employees.