Solheim Lutheran Home

Analysis

Solheim Lutheran Home is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1961, 65 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 December 2023, Solheim Lutheran Home reported income of $17.8m and spending of $17.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.9m to $17.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solheim Lutheran Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Reimagine Network ($17.8m), North Shore-Lij Ob-Gyn at Garden City PC ($17.8m) and Christ Health Center Inc ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $779k (4.4% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $17.9m against liabilities of $4.3m, net assets of $13.6m. It reported 218 employees.