Pennsauken Lutheran Housing Inc

Analysis

Pennsauken Lutheran Housing Inc is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in May 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pennsauken Lutheran Housing Inc reported income of $797k and spending of $843k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $923k to $797k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pennsauken Lutheran Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Bethel Housing Community Development Inc ($797k), Jonathans Landing Foundation Inc ($798k) and Menorah Terrace ($797k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $101k. At year end it held assets of $3.5m against liabilities of $422k, net assets of $3.0m. It reported 3 employees.

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.