Lutherhaus Inc

Analysis

Lutherhaus Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 September 2024, Lutherhaus Inc reported income of $449k and spending of $417k, spending 93% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $407k to $449k (+10%), an average of +2.5% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutherhaus Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include The Foundation at Kittitas Valley Healthcare ($449k), Cambridge Apts Inc ($449k) and International Association for Volunteer Effort ($449k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $792k against liabilities of $1.2m, net assets of -$387k.