Niagara Lutheran Home Foundation Inc
Niagara Lutheran Home Foundation Inc. maintains strong assets despite recent operating deficit and reports no executive compensation.
EIN: 161315868 · Lancaster, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $1.3M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $22.0M |
| Transparency Score | 90/100 |
Is Niagara Lutheran Home Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Niagara Lutheran Home Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Niagara Lutheran Home Foundation Inc
Niagara Lutheran Home Foundation Inc (EIN: 161315868) is a nonprofit organization based in Lancaster, NY. The organization reported total revenue of $4.5M and total assets of $23.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Lutheran Home Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Lutheran Home Foundation Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-96,193 |
| Total Assets | $22.1M |
| Total Liabilities | $72K |
| Net Assets | $22.0M |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 198.3 months |
Financial Health Grade: B
In 2023, Niagara Lutheran Home Foundation Inc reported a deficit of $96K with expenses exceeding revenue, holds 198.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Niagara Lutheran Home Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.1% | +64.9% | +9.6% |
| 2022 | -28.6% | -28.3% | -9.7% |
| 2021 | -3.6% | +3.5% | +10.9% |
| 2020 | +9.8% | -56.3% | +14.5% |
| 2019 | -43.1% | +202.0% | +102.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Niagara Lutheran Home Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Niagara Lutheran Home Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This is highly unusual for an organization of its size with assets exceeding $22 million, suggesting either a volunteer-led executive team or compensation being covered by a related entity, which would require further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Niagara Lutheran Home Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this asset size and may indicate compensation is handled by a related entity, potentially obscuring the full financial picture.
- Operating deficit in the latest 2023 fiscal period ($1,241,359 revenue vs. $1,337,552 expenses), indicating that expenses exceeded income for that year.
Strengths
The following positive indicators were identified for Niagara Lutheran Home Foundation Inc:
- Strong and growing asset base, reaching $22,107,161 in 2023, indicating long-term financial stability.
- No reported officer compensation, suggesting a high percentage of funds are directed towards programs and mission.
- History of significant revenue surpluses in multiple years (e.g., 2022 revenue $1,636,575 vs. expenses $811,027), contributing to asset growth.
- Low liabilities relative to assets, with liabilities at $71,875 in 2023 against over $22 million in assets, indicating strong financial health.
Frequently Asked Questions about Niagara Lutheran Home Foundation Inc
Is Niagara Lutheran Home Foundation Inc a legitimate charity?
Niagara Lutheran Home Foundation Inc (EIN: 161315868) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Niagara Lutheran Home Foundation Inc spend its money?
Niagara Lutheran Home Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Niagara Lutheran Home Foundation Inc tax-deductible?
Niagara Lutheran Home Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161315868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Niagara Lutheran Home Foundation Inc CEO make?
Niagara Lutheran Home Foundation Inc's highest-compensated officer earns $22 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Niagara Lutheran Home Foundation Inc located?
Niagara Lutheran Home Foundation Inc is headquartered in Lancaster, New York and files with the IRS under EIN 161315868.
How many years of IRS 990 filings does Niagara Lutheran Home Foundation Inc have?
Niagara Lutheran Home Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.5M in total revenue.
How does Niagara Lutheran Home Foundation Inc. manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be entirely volunteer-based, or that compensation is provided by a related entity not reflected in these specific filings. Further inquiry into their operational structure would be needed to understand this fully.
What caused the deficit in the 2023 fiscal period, where expenses exceeded revenue?
In 2023, the organization reported revenues of $1,241,359 and expenses of $1,337,552, resulting in a deficit. The provided data does not specify the exact reasons for this deficit, but it could be due to increased program costs, one-time expenditures, or a temporary dip in donations. This contrasts with the previous two years where revenue significantly outpaced expenses.
What is the primary source of the organization's substantial asset base?
The organization has consistently grown its assets, reaching $22,107,161 in 2023. This growth is likely a combination of accumulated surpluses from prior years (e.g., 2022 revenue of $1,636,575 vs. expenses of $811,027), investment returns, and potentially significant donations or endowments over time. The consistent increase in assets, from $6.3 million in 2014 to over $22 million in 2023, indicates strong financial management and/or successful fundraising.
Filing History
IRS 990 filing history for Niagara Lutheran Home Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Niagara Lutheran Home Foundation Inc's revenue has grown by 61.3%, moving from $769K to $1.2M. Total assets increased by 132% over the same period, from $9.5M to $22.1M. Total functional expenses fell by 16.4%, from $1.6M to $1.3M. In its most recent filing year (2023), Niagara Lutheran Home Foundation Inc reported a deficit of $96K, with expenses exceeding revenue. The organization holds $72K in liabilities against $22.1M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $22.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $22.1M | $72K | — | — |
| 2022 | $1.6M | $811K | $20.2M | $86K | — | View 990 |
| 2021 | $2.3M | $1.1M | $22.3M | $138K | — | View 990 |
| 2020 | $2.4M | $1.1M | $20.1M | $239K | — | — |
| 2019 | $2.2M | $2.5M | $17.6M | $712K | — | View 990 |
| 2018 | $3.8M | $828K | $8.7M | $41K | — | View 990 |
| 2017 | $801K | $699K | $6.4M | $132K | — | View 990 |
| 2016 | $926K | $1.5M | $5.6M | $48K | — | View 990 |
| 2015 | $892K | $950K | $6.4M | $284K | — | View 990 |
| 2014 | $1.4M | $2.3M | $6.4M | $9K | — | View 990 |
| 2013 | $918K | $837K | $7.3M | $8K | — | View 990 |
| 2012 | $1.1M | $4.2M | $6.7M | $14K | — | View 990 |
| 2011 | $769K | $1.6M | $9.5M | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $22.1M (revenue -24.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $811K, and assets of $20.2M (revenue -28.6% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.1M, and assets of $22.3M (revenue -3.6% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.1M, and assets of $20.1M (revenue +9.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.5M, and assets of $17.6M (revenue -43.1% year-over-year).
- 2018: Revenue of $3.8M, expenses of $828K, and assets of $8.7M (revenue +374.4% year-over-year).
- 2017: Revenue of $801K, expenses of $699K, and assets of $6.4M (revenue -13.4% year-over-year).
- 2016: Revenue of $926K, expenses of $1.5M, and assets of $5.6M (revenue +3.7% year-over-year).
- 2015: Revenue of $892K, expenses of $950K, and assets of $6.4M (revenue -37.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $2.3M, and assets of $6.4M (revenue +56.1% year-over-year).
- 2013: Revenue of $918K, expenses of $837K, and assets of $7.3M (revenue -12.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $4.2M, and assets of $6.7M (revenue +37.0% year-over-year).
- 2011: Revenue of $769K, expenses of $1.6M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Lutheran Home Foundation Inc:
Data Sources and Methodology
This transparency report for Niagara Lutheran Home Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.