Lutheran Housing Corporation of California

Analysis

Lutheran Housing Corporation of California is a registered charity in United States, based in Anaheim, CA. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Housing Corporation of California reported income of $230k and spending of $191k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $230k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Housing Corporation of California sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Fairview Housing Inc ($229k), Topeka Supportive Housing Inc ($230k) and Heartland Hope and Homes Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $1,766 (0.9% of expenses). Other salaries and wages came to $5,199. At year end it held assets of $771k against liabilities of $22k, net assets of $749k.