Lutheran Home for the Aged

Analysis

Lutheran Home for the Aged is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in October 1942, 84 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 June 2023, Lutheran Home for the Aged reported income of $60.4m and spending of $57.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.1m to $60.4m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Home for the Aged 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 IL. Charities of a similar size with the same main cause include KVC Behavioral Healthcare Inc ($60.2m), Skills of Central Pennsylvania Inc ($60.6m) and Community Action Organization ($60.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Other salaries and wages came to $24.8m. At year end it held assets of $130.9m against liabilities of $107.8m, net assets of $23.1m. It reported 615 employees.