Lake Region Lutheran Home Incorporated

Analysis

Lake Region Lutheran Home Incorporated is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. 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 September 2023, Lake Region Lutheran Home Incorporated reported income of $13.1m and spending of $14.4m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.3m to $13.1m (+15%), an average of +3.7% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Region Lutheran Home Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Sacramento County Tobacco Securitization Corporation ($13.1m), Livingston Byrdstown Jamestown and Cookeville Development Corporation ($13.1m) and Paraquad Inc ($13.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $11.1m against liabilities of $11.6m, net assets of -$518k.