Orlando Lutheran Towers Foundation Inc

Analysis

Orlando Lutheran Towers Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 2022, Orlando Lutheran Towers Foundation Inc reported income of $442k and spending of $508k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $151k to $442k (+193%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 682%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orlando Lutheran Towers Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Butte Amateur Hockey Association ($442k), Project Home Again ($442k) and Round Rock Baseball League ($442k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. At year end it held assets of $4.6m against liabilities of $296k, net assets of $4.3m.