Lutheran Home-Albemarle Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,627,827 | 8,163,060 | 464,767 | 5.6 | 48% |
| 2021 | 9,142,249 | 8,846,122 | 296,127 | 5.7 | 48% |
| 2022 | 11,242,513 | 9,236,425 | 2,006,088 | 7.8 | 51% |
| 2023 | 9,894,918 | 10,043,054 | −148,136 | 7.1 | 53% |
In its most recent public year (2023), this organization spent $148,136 more than it brought in. Its reserves stood at about 7.1 months of spending, up from 5.6 in 2020. Staff pay was 53% of spending. $104,582 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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