National Lutheran Home for the Aged Incorporated

Analysis

National Lutheran Home for the Aged Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Lutheran Home for the Aged Incorporated reported income of $778k and spending of $85k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $926k to $778k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 1175%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Lutheran Home for the Aged Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Bandera Senior Housing Corp ($777k), Shively Area Ministries Inc ($778k) and American Village Communities Inc ($777k).

At year end it held assets of $85.5m against liabilities of $1.5m, net assets of $84.0m.