The Lutheran Home at Kane

Analysis

The Lutheran Home at Kane is a registered charity in United States, based in Kane, PA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lutheran Home at Kane reported income of $10.1m and spending of $9.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $10.1m (+23%), an average of +5.3% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lutheran Home at Kane sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Presbyterian Village Inc ($10.1m), Columbiana County Mental Health Clinic ($10.1m) and Saint Peters Healthcare System Physician Associates ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $142k (1.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $10.2m against liabilities of $684k, net assets of $9.5m. It reported 187 employees.