Mid Nebraska Lutheran Home Assn

Analysis

Mid Nebraska Lutheran Home Assn is a registered charity in United States, based in Newman Grove, NE. It received its IRS tax-exemption ruling in August 1962, 64 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 June 2023, Mid Nebraska Lutheran Home Assn reported income of $3.7m and spending of $4.4m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $3.7m (+6.4%), an average of +2.1% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Nebraska Lutheran Home Assn sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Cambridge Montessori School Inc ($3.7m), Putnam County Housing Corporation ($3.7m) and Manna-The Durango Soup Kitchen ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $2.2m against liabilities of $787k, net assets of $1.5m. It reported 87 employees.