Lutheran Homes of Oconomowoc Charitable Foundation Inc

Analysis

Lutheran Homes of Oconomowoc Charitable Foundation Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lutheran Homes of Oconomowoc Charitable Foundation Inc reported income of $315k and spending of $12k, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $989k to $315k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 1.9% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lutheran Homes of Oconomowoc Charitable Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Fossores ($315k), Faith & Philanthropy Institute ($316k) and Turning Hearts Ministries International Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.7m against liabilities of $0, net assets of $6.7m.