Lutheran Homes

Analysis

Lutheran Homes is a registered charity in United States, based in Twin Valley, MN. It received its IRS tax-exemption ruling in November 1961, 65 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 September 2023, Lutheran Homes reported income of $5.2m and spending of $5.8m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.3m to $5.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lutheran Homes sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include McCone County Health Center Inc ($5.2m), Vivli Inc ($5.2m) and Saint Barnabas Realty Development Corporation ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $167k (2.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.0m. It reported 111 employees.