Lutheran Homes of Oconomowoc Inc

Analysis

Lutheran Homes of Oconomowoc Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Homes of Oconomowoc Inc reported income of $25.6m and spending of $23.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $25.6m (+6.3%), an average of +1.5% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Homes of Oconomowoc Inc sits at the 98th percentile: it is larger than about 98% 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 Fund for the Global Fund ($25.6m), Hospice of the Good Shepherd Inc ($25.6m) and Kanawha Hospice Care Inc ($25.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $484k (2.0% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $79.1m against liabilities of $31.4m, net assets of $47.7m. It reported 512 employees.