Lutheran Homes Of Michigan Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 330,205 | 213,493 | 116,712 | 33.9 | 0% |
| 2012 | 328,972 | 715,972 | −387,000 | 9.6 | 0% |
| 2013 | 235,900 | 208,342 | 27,558 | 34.6 | 0% |
| 2014 | 404,381 | 199,343 | 205,038 | 48.5 | 0% |
| 2015 | 712,058 | 117,805 | 594,253 | 328.8 | 0% |
| 2016 | 1,299,424 | 62,774 | 1,236,650 | 818.9 | 0% |
| 2017 | 949,003 | 538,788 | 410,215 | 112.6 | 0% |
| 2018 | 877,068 | 479,694 | 397,374 | 128.8 | 0% |
| 2019 | 895,583 | 780,583 | 115,000 | 90.8 | 0% |
| 2020 | 4,152,818 | 313,107 | 3,839,711 | 392.3 | 0% |
| 2021 | 2,826,886 | 410,239 | 2,416,647 | 374.6 | 0% |
| 2022 | 787,627 | 3,197,034 | −2,409,407 | 34.9 | 0% |
| 2023 | 1,173,797 | 115,618 | 1,058,179 | 1138.7 | 0% |
In its most recent public year (2023), this organization brought in $1,058,179 more than it spent. Its reserves stood at about 1138.7 months of spending, up from 33.9 in 2011. Staff pay was 0% of spending. $8,946,100 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
Lutheran Homes Of Michigan Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works