Lourdes Inc

Analysis

Lourdes Inc is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Lourdes Inc reported income of $11.3m and spending of $10.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.4m to $11.3m (-8.9%), an average of -2.3% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lourdes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Carmel Manor Inc ($11.3m), Uconnectcare Inc ($11.3m) and Chapel Haven Schleifer Center ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $358k (3.3% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $32.7m against liabilities of $22.8m, net assets of $10.0m. It reported 154 employees.