Lutheran Home-Winston-Salem Inc

Analysis

Lutheran Home-Winston-Salem Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Lutheran Home-Winston-Salem Inc reported income of $12.6m and spending of $12.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.1m to $12.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lutheran Home-Winston-Salem Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include San Diego Lesbian Gay Bisexual and Transgender Community Center ($12.6m), Physician Associates of Southwest Dallas ($12.6m) and Community Health Center of Franklin County Incorporated ($12.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $5.5m against liabilities of $3.9m, net assets of $1.6m. It reported 281 employees.