Augustana Lutheran Homes Inc

Analysis

Augustana Lutheran Homes Inc is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in August 1963, 63 years ago. 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, Augustana Lutheran Homes Inc reported income of $364k and spending of $683k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $492k to $364k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Augustana Lutheran Homes Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Red Arrow Camp Foundation Inc ($364k), Womens Fund Southcoast ($364k) and Eaa Chapter 292 ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 76% of the total. Other salaries and wages came to $153k. At year end it held assets of $1.2m against liabilities of $1.7m, net assets of -$591k.

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.