Luther House III Inc

Analysis

Luther House III Inc is a registered charity in United States, based in West Grove, PA. It received its IRS tax-exemption ruling in March 2004, 22 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, Luther House III Inc reported income of $662k and spending of $827k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $662k (+19%), an average of +4.5% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther House III Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Motorcycle Riders for Homeless Parolees ($662k), Nevada Housing Coalition ($662k) and The Salvation Army Turlock Residence Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $46k (5.6% of expenses). Other salaries and wages came to $129k. At year end it held assets of $4.9m against liabilities of $62k, net assets of $4.8m.

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.