Lutheran Properties Inc

Analysis

Lutheran Properties Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2015, 11 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 March 2024, Lutheran Properties Inc reported income of $1.1m and spending of $959k, spending 89% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.6m to $1.1m (-58%), an average of -20% a year. The sharpest change came in the year to March 2021, when income dropped by 41%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Properties Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Better Housing Foundation ($1.1m), 18th & Wabash Corp ($1.1m) and Corinthian Square Senior Citizen Housing Corp ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $9.4m against liabilities of $325k, net assets of $9.1m.