Lourdes Alzheimers Special Care Center

Analysis

Lourdes Alzheimers Special Care Center is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Alzheimers Special Care Center reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.7m (-4.4%), an average of -1.1% a year. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lourdes Alzheimers Special Care Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Meadows at Maria Joseph Manor ($1.7m), California Collaborative for Immigrant Justice ($1.7m) and Gateway School ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 84% of the total. Other salaries and wages came to $889k. At year end it held assets of $8.0m against liabilities of $101k, net assets of $7.9m. It reported 42 employees.