Lutheran Sunset Home

Analysis

Lutheran Sunset Home is a registered charity in United States, based in Grafton, ND. It received its IRS tax-exemption ruling in August 1963, 63 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, Lutheran Sunset Home reported income of $11.5m and spending of $11.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $11.5m (+19%), an average of +4.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Sunset Home 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 95th percentile, and in the 95th percentile within ND. Charities of a similar size with the same main cause include St Stephens School Corporation ($11.5m), The Arc of Burlington County Inc ($11.5m) and Hillsborough Community College Foundation Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $145k (1.2% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $10.1m against liabilities of $1.2m, net assets of $8.9m. It reported 157 employees.