Good Shepherd Lutheran Home of Sauk Rapids Minnesota

Analysis

Good Shepherd Lutheran Home of Sauk Rapids Minnesota is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in June 1965, 61 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, Good Shepherd Lutheran Home of Sauk Rapids Minnesota reported income of $30.5m and spending of $25.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.0m to $30.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Shepherd Lutheran Home of Sauk Rapids Minnesota 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 The William B Wiener Jr Foundation ($30.5m), Health Services Inc ($30.6m) and Opportunities Industrialization Center Inc ($30.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $563k (2.2% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $33.9m against liabilities of $31.7m, net assets of $2.1m. It reported 490 employees.