Lourdes Assisted Living Corporation

Analysis

Lourdes Assisted Living Corporation 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 (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Lourdes Assisted Living Corporation reported income of $4.1m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $4.1m (-2.9%), an average of -0.7% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lourdes Assisted Living Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Ice Age Trail Alliance ($4.1m), First Call Alcohol Drug Prevention & Recovery ($4.1m) and Minnesota Hockey Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 91% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $13.8m against liabilities of $223k, net assets of $13.6m. It reported 103 employees.