American Lutheran Homes Inc

Analysis

American Lutheran Homes Inc is a registered charity in United States, based in Fargo, ND. 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 December 2023, American Lutheran Homes Inc reported income of $33.1m and spending of $32.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.3m to $33.1m (+21%), an average of +5.0% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Lutheran Homes Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include Lexington Center for Recovery Inc ($33.1m), Rvnahealth Inc ($33.1m) and Baptist Health System Foundation Inc ($33.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $670k (2.1% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $46.1m against liabilities of $22.7m, net assets of $23.3m. It reported 1,172 employees.