Lutheran Homes Inc

Analysis

Lutheran Homes Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lutheran Homes Inc reported income of $53.2m and spending of $43.8m, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $9.9m to $53.2m (+436%), an average of +40% a year. The sharpest change came in the year to December 2019, when income rose by 259%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Homes Inc 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 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Brethren Village ($53.2m), Stepforward ($53.3m) and Goodwill of the Finger Lakes Inc ($53.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $461k (1.1% of expenses). Other salaries and wages came to $23.2m. It paid $2,190 in professional fundraising fees. At year end it held assets of $86.5m against liabilities of $54.6m, net assets of $31.9m. It reported 877 employees.