Lutheran Care for the Aging

Analysis

Lutheran Care for the Aging is a registered charity in United States, based in Redmond, OR. It received its IRS tax-exemption ruling in May 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 Care for the Aging reported income of $258k and spending of $555k, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $258k (+681%), an average of +67% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 338% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Care for the Aging sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OR. Charities of a similar size with the same main cause include The American Society for the Advancement of General Anesthesia ($258k), Minneola Health Care Foundation ($258k) and GB Charities Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $633k against liabilities of $0, net assets of $633k.

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.