Lutheran Senior Healthcare Inc

Analysis

Lutheran Senior Healthcare Inc is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in April 1988, 38 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 December 2023, Lutheran Senior Healthcare Inc reported income of $13.2m and spending of $14.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.5m to $13.2m (+5.6%), an average of +1.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Senior Healthcare Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Christian Cupboard Emergency Food Shelf ($13.2m), Connectability of MN Inc ($13.2m) and Lutheran Home - Wilmington Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $5.0m against liabilities of $17.1m, net assets of -$12.1m. It reported 110 employees.