Grace Lutheran Foundation Inc

Analysis

Grace Lutheran Foundation Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Lutheran Foundation Inc reported income of $18.5m and spending of $19.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $27.1m to $18.5m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Lutheran Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Community Health Center of Buffalo Inc ($18.5m), Henry C Nevins Home Inc ($18.5m) and Henderson County Health Care Corporation ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $411k (2.1% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $29.5m against liabilities of $17.4m, net assets of $12.0m. It reported 467 employees.