St Luke Lutheran Home for the Aging

Analysis

St Luke Lutheran Home for the Aging is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Luke Lutheran Home for the Aging reported income of $15.4m and spending of $17.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.9m to $15.4m (-3.4%), an average of -0.9% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Luke Lutheran Home for the Aging sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Bradford Ecumenical Home Inc ($15.4m), Abraham and Laura Lisner Home for Aged Women ($15.4m) and Southern Iowa Economic Development Association ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $474k (2.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $14.6m against liabilities of $18.5m, net assets of -$3.9m. It reported 249 employees.

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.