Bay Area Lutheran Homes Inc

Analysis

Bay Area Lutheran Homes Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bay Area Lutheran Homes Inc reported income of $24.4m and spending of $24.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $24.4m (+15%), an average of +3.6% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Area Lutheran Homes Inc sits at the 97th percentile: it is larger than about 97% 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 Nysarc Inc ($24.4m), Compassion Coalition Inc ($24.5m) and United Community Action Program Inc ($24.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $650k (2.6% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $43.5m against liabilities of $13.6m, net assets of $30.0m. It reported 545 employees.