Good Shepherd Lutheran Home

Analysis

Good Shepherd Lutheran Home is a registered charity in United States, based in Rushford, MN. It received its IRS tax-exemption ruling in November 1961, 65 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, Good Shepherd Lutheran Home reported income of $7.0m and spending of $7.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.4m to $7.0m (-5.5%), an average of -1.4% a year. 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 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 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Sisters of Mary of the Presentation Health Corporation ($7.0m), Bread & Roses Community Fund ($7.0m) and Florida High School Athletic Association Inc ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $224k (3.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.3m against liabilities of $1.6m, net assets of $3.7m. It reported 201 employees.