Lutheran Home Association Foundation

Analysis

Lutheran Home Association Foundation is a registered charity in United States, based in Belle Plaine, MN. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lutheran Home Association Foundation reported income of $719k and spending of $328k, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $106k to $719k (+579%), an average of +61% a year. The sharpest change came in the year to September 2022, when income rose by 228%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home Association Foundation 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 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Society of Petroleum Engineers TR ($719k), Outdoors Empowered Network ($719k) and Montessori School of Duluth Inc ($719k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $51k. At year end it held assets of $7.0m against liabilities of $3.4m, net assets of $3.6m.