Life at Lourdes Inc

Analysis

Life at Lourdes Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Life at Lourdes Inc reported income of $21.6m and spending of $19.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.7m to $21.6m (-0.7%), an average of -0.2% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life at Lourdes 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Crest View Corporation ($21.6m), Jefferson Franklin Community Action Corporation ($21.6m) and St Patrick Center ($21.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $26.4m against liabilities of $5.8m, net assets of $20.6m.