St Marks Lutheran Home

Analysis

St Marks Lutheran Home is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Marks Lutheran Home reported income of $8.9m and spending of $8.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.2m to $8.9m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Marks Lutheran Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Abfm Foundation Inc ($8.9m), Beloved Ones ($8.9m) and Catholic Community Service Inc ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 88% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $10.2m against liabilities of $18.8m, net assets of -$8.6m. It reported 162 employees.