Sapphire Lutheran Homes Inc

Analysis

Sapphire Lutheran Homes Inc is a registered charity in United States, based in Hamilton, MT. It received its IRS tax-exemption ruling in June 1989, 37 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 December 2023, Sapphire Lutheran Homes Inc reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.0m (+9.7%), an average of +2.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sapphire Lutheran Homes Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MT. Charities of a similar size with the same main cause include Special Olympics Oregon Inc ($4.0m), Volunteers of America Inc ($4.0m) and Marysville Community Food Bank ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $7.7m against liabilities of $4.4m, net assets of $3.3m. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.