Northland Lutheran Retirement Community Inc

Analysis

Northland Lutheran Retirement Community 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 Retirement Community Inc reported income of $1.4m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.4m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northland Lutheran Retirement Community Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Westport Police Athletic League ($1.4m), Listeners Community Radio of Utah Inc Krcl-Fm ($1.4m) and Hill Country Medical Ministries Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $23k (1.5% of expenses). Other salaries and wages came to $854k. At year end it held assets of $351k against liabilities of $339k, net assets of $12k. It reported 28 employees.