Lutheran Home and Services for the Aged Inc

Analysis

Lutheran Home and Services for the Aged Inc is a registered charity in United States, based in Arlington Heights, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lutheran Home and Services for the Aged Inc reported income of $942k and spending of $42k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $308k to $942k (+205%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 192%. Over the whole period it spent 1.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Home and Services for the Aged Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Sidewalk Project ($941k), Escapees Care Inc ($942k) and Pet Missouri - Columbia Inc ($941k).

At year end it held assets of $16.6m against liabilities of $11.3m, net assets of $5.2m.