Luthercare
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,604,654 | 42,875,037 | 1,729,617 | 5.3 | 40% |
| 2012 | 44,510,405 | 44,704,616 | −194,211 | 5.4 | 40% |
| 2013 | 46,897,586 | 46,398,599 | 498,987 | 5.8 | 40% |
| 2014 | 49,775,035 | 48,651,344 | 1,123,691 | 5.7 | 39% |
| 2015 | 49,623,074 | 49,856,919 | −233,845 | 5.2 | 40% |
| 2016 | 50,125,853 | 52,757,848 | −2,631,995 | 4.7 | 40% |
| 2017 | 51,039,005 | 53,465,412 | −2,426,407 | 4.6 | 38% |
| 2018 | 51,340,871 | 54,081,494 | −2,740,623 | 3.4 | 36% |
| 2019 | 51,782,237 | 55,631,036 | −3,848,799 | 2.8 | 36% |
| 2020 | 51,431,042 | 53,957,241 | −2,526,199 | 1.8 | 37% |
| 2021 | 50,559,126 | 52,174,723 | −1,615,597 | 1.4 | 36% |
| 2022 | 51,878,836 | 52,469,428 | −590,592 | 0.4 | 35% |
| 2023 | 52,362,166 | 55,245,833 | −2,883,667 | 0.4 | 32% |
In its most recent public year (2023), this organization spent $2,883,667 more than it brought in. Its reserves stood at about 0.4 months of spending, down from 5.3 in 2011. Staff pay was 32% of spending. $4,473,980 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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