Minnewaska Lutheran Home

Analysis

Minnewaska Lutheran Home is a registered charity in United States, based in Starbuck, MN. It received its IRS tax-exemption ruling in April 1964, 62 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 September 2023, Minnewaska Lutheran Home reported income of $10.3m and spending of $11.2m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.2m to $10.3m (+68%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnewaska Lutheran Home sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Council for Opportunity in Education ($10.3m), Foundation of Firsthealth Inc ($10.3m) and Crown College ($10.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $269k (2.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $11.0m against liabilities of $11.6m, net assets of -$588k. It reported 193 employees.