Virginia Lutheran Homes Home Care Inc

Analysis

Virginia Lutheran Homes Home Care Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in April 1988, 38 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, Virginia Lutheran Homes Home Care Inc reported income of $1.4m and spending of $1.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $885k to $1.4m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Lutheran Homes Home Care Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Attic Incorporated ($1.4m), Coolidge National Medal of Honor Heritage Center Inc ($1.4m) and San Diego Center for the Blind ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $251k against liabilities of $823k, net assets of -$573k.