Lutheran Center Corporation

Analysis

Lutheran Center Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Center Corporation reported income of $756k and spending of $974k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $881k to $756k (-14%), an average of -3.8% a year. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lutheran Center Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Narrow Gate Foundation ($756k), Saving Susan Ministry Inc ($756k) and Involved International Inc ($755k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $6.7m against liabilities of $219k, net assets of $6.5m.

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.