Lutherhaus of Lincolnton Inc

Analysis

Lutherhaus of Lincolnton Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in November 1981, 45 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 September 2023, Lutherhaus of Lincolnton Inc reported income of $254k and spending of $240k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $231k to $254k (+10%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutherhaus of Lincolnton Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Marion Street Apartments Inc ($254k), St Bakhita Catholic Worker Inc ($254k) and Habitat for Humanity International Inc ($254k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $488k against liabilities of $508k, net assets of -$20k.