Lutheran Brethren Sheridan House Inc

Analysis

Lutheran Brethren Sheridan House Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in April 1974, 52 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 April 2023, Lutheran Brethren Sheridan House Inc reported income of $380k and spending of $389k, spending 102% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $518k to $380k (-27%), an average of -7.4% a year. The sharpest change came in the year to April 2022, when income dropped by 15%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Brethren Sheridan House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include American Amateur Baseball Congress ($380k), St Luke Knolls Incorporated ($380k) and Big Brothers Big Sisters of Southwest Colorado ($380k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $889k, net assets of $1.9m.