The Lutheran Home Inc

Analysis

The Lutheran Home Inc is a registered charity in United States, based in Wauwatosa, WI. It received its IRS tax-exemption ruling in October 1941, 85 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lutheran Home Inc reported income of $29.5m and spending of $31.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $31.7m to $29.5m (-6.8%), an average of -1.7% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lutheran Home Inc 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 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Hampton Regional Medical Center ($29.5m), Centre County Cancer Center ($29.6m) and Pleasant Ridge Manor ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $521k (1.7% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $31.8m against liabilities of $3.6m, net assets of $28.2m. It reported 543 employees.