Lutheran Home

Analysis

Lutheran Home is a registered charity in United States, based in Belle Plaine, MN. It received its IRS tax-exemption ruling in January 1966, 60 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 September 2023, Lutheran Home reported income of $27.9m and spending of $21.6m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.3m to $27.9m (+6.4%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Home sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Capital Area Community Services Inc ($27.9m), Franciscan Missionaries of Our Lady University ($28.0m) and Guttmacher Institute Inc ($27.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 73% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $24.9m against liabilities of $30.0m, net assets of -$5.1m. It reported 645 employees.