Lutheran Home Care Agency Inc

Analysis

Lutheran Home Care Agency Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in June 1993, 33 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, Lutheran Home Care Agency Inc reported income of $876k and spending of $1.2m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $876k (-75%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lutheran Home Care Agency Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Center for Holistic Development ($876k), Hope Crisis Center ($876k) and Windam Hospital Foundation Inc ($876k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Other salaries and wages came to $495k. At year end it held assets of $4.3m against liabilities of $4.5m, net assets of -$126k. It reported 21 employees.