St Lukes Nursing Home Foundation

Analysis

St Lukes Nursing Home Foundation is a registered charity in United States, based in Blue Earth, MN. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Lukes Nursing Home Foundation reported income of $292k and spending of $927k, spending 317% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $135k to $292k (+116%), an average of +21% a year. The sharpest change came in the year to September 2021, when income rose by 677%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lukes Nursing Home Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Margaret S Mahler Child Development Foundation ($292k), Council of Biblical Manhood and Womanhood ($292k) and Chin Baptist Church of Greenville ($292k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.1% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.