Lutheran Home-Hickory West Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 13,119,578 | 11,967,657 | 1,151,921 | 1.2 | 45% |
| 2021 | 14,117,518 | 12,598,128 | 1,519,390 | 2.6 | 44% |
| 2022 | 15,854,734 | 13,263,744 | 2,590,990 | 4.8 | 45% |
| 2023 | 15,130,191 | 14,852,389 | 277,802 | 4.5 | 48% |
In its most recent public year (2023), this organization brought in $277,802 more than it spent. Its reserves stood at about 4.5 months of spending, up from 1.2 in 2020. Staff pay was 48% of spending. $18,527 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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