Lutherans Inc for Elderly

Analysis

Lutherans Inc for Elderly is a registered charity in United States, based in Muskego, WI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Lutherans Inc for Elderly reported income of $731k and spending of $771k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $549k to $731k (+33%), an average of +5.9% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutherans Inc for Elderly sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Enderlin Alumni Association ($730k), International Drop-In Center ($731k) and The United Leukodystrophy Foundation Inc ($730k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $3.3m against liabilities of $3.8m, net assets of -$548k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.