Northland Lutheran Housing for the Elderly Inc

Analysis

Northland Lutheran Housing for the Elderly Inc is a registered charity in United States, based in Marinette, WI. It received its IRS tax-exemption ruling in November 1961, 65 years ago. 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 December 2023, Northland Lutheran Housing for the Elderly Inc reported income of $1.0m and spending of $858k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $819k to $1.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northland Lutheran Housing for the Elderly Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Christian Action Group Inc ($1.0m), Saint Martins Ministries ($1.0m) and Harris Home for Children ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $158k. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$398k. It reported 9 employees.