Lutheran Housing Services 8 Non Profit Housing Corporation

Analysis

Lutheran Housing Services 8 Non Profit Housing Corporation is a registered charity in United States, based in Temperance, MI. It received its IRS tax-exemption ruling in February 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Services 8 Non Profit Housing Corporation reported income of $680k and spending of $856k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $680k (+0.5%), an average of +0.1% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Housing Services 8 Non Profit Housing Corporation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include United Church Residences of Indianapolis Indiana Inc ($680k), Midland Community Housing Development Organization ($681k) and Lutheran Housing Development Fund Corporation at Concord Village ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.6m against liabilities of $2.5m, net assets of -$870k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.