Lutheran Home

Analysis

Lutheran Home is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in January 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lutheran Home reported income of $16.4m and spending of $19.1m, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $5.7m to $16.4m (+190%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 126% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lutheran Home sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Mission Eurasia ($16.4m), Adamah Inc ($16.5m) and Missions of Hope International ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $20.5m against liabilities of $23.6m, net assets of -$3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.