Orlando Lutheran Towers Inc

Analysis

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

In the financial year ending December 2022, Orlando Lutheran Towers Inc reported income of $35.6m and spending of $32.7m, spending 92% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $31.2m to $35.6m (+14%), an average of +3.4% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orlando Lutheran Towers Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Ohio Capital Corporation for Housing ($35.5m), Haven for Hope of Bexar County ($35.7m) and West Side Federation for Senior Housing Inc ($35.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.2m (3.6% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $75.3m against liabilities of $64.8m, net assets of $10.6m. It reported 626 employees.