Our Saviours Lutheran Development Corporation

Analysis

Our Saviours Lutheran Development Corporation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 June 2023, Our Saviours Lutheran Development Corporation reported income of $2.2m and spending of $1.4m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Saviours Lutheran Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include International Union of Operating Engineers Local 68 Education Fund ($2.2m), National Church Residences at Home Inc ($2.2m) and Northlands Rescue Mission Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $4.5m against liabilities of $818k, net assets of $3.7m.