Lutheran Home for the Aged Association - West

Analysis

Lutheran Home for the Aged Association - West is a registered charity in United States, based in Perry, IA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lutheran Home for the Aged Association - West reported income of $14.6m and spending of $12.5m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.0m to $14.6m (+145%), an average of +25% a year. The sharpest change came in the year to August 2021, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Home for the Aged Association - West sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Overlook Communities Inc ($14.6m), Southwest Minnesota Housing Partnership ($14.7m) and Community Action Agency of Delaware County Inc ($14.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.3% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $58k (0.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $11.2m against liabilities of $11.1m, net assets of $71k. It reported 337 employees.