Lutheran Senior Citizens Inc

Analysis

Lutheran Senior Citizens Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 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 2023, Lutheran Senior Citizens Inc reported income of $15.4m and spending of $13.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $15.4m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Senior Citizens Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include CHCC CCRC ($15.4m), Houston Habitat for Humanity Inc ($15.4m) and Pitman Manor Inc ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $227k (1.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $22.6m against liabilities of $45.3m, net assets of -$22.7m. It reported 250 employees.