Lutheran Brethren Homes Inc

Analysis

Lutheran Brethren Homes Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in April 1974, 52 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 April 2023, Lutheran Brethren Homes Inc reported income of $1.3m and spending of $927k, leaving 31% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.0m to $1.3m (-34%), an average of -10% a year. The sharpest change came in the year to April 2021, when income rose by 97%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Brethren Homes Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Center for the Blind and Disabled ($1.3m), Pike County Young Mens Christian Association ($1.3m) and Iraq and Afghanistan Veterans of America Inc ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $43k (4.6% of expenses). Other salaries and wages came to $188k. At year end it held assets of $10.8m against liabilities of $457k, net assets of $10.4m. It reported 14 employees.