Lakeside Lutheran Home

Analysis

Lakeside Lutheran Home is a registered charity in United States, based in Emmetsburg, IA. 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 June 2023, Lakeside Lutheran Home reported income of $3.8m and spending of $4.3m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.8m to $3.8m (-0.8%), an average of -0.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeside Lutheran Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Family Care for Children&youth Inc ($3.8m), Crystal Lake Food Pantry Inc ($3.8m) and Hannahs Treasure Chest ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $2.9m against liabilities of $1.7m, net assets of $1.1m. It reported 86 employees.