Lutherhaven Ministries Inc

Analysis

Lutherhaven Ministries Inc is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lutherhaven Ministries Inc reported income of $3.5m and spending of $2.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lutherhaven Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within ID. Charities of a similar size with the same main cause include Chicago Mission Aaa Hockey Club ($3.5m), Montgomery County Fair Association Inc ($3.5m) and Fairytale Town Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $85k (3.2% of expenses). Other salaries and wages came to $938k. At year end it held assets of $13.1m against liabilities of $585k, net assets of $12.5m. It reported 122 employees.