Lutheran Community Services For The Aged Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,041,074 | 6,789,081 | −748,007 | -26.7 | 43% |
| 2021 | 7,849,149 | 7,449,707 | 399,442 | -23.7 | 43% |
| 2022 | 7,149,120 | 6,993,713 | 155,407 | -25.0 | 41% |
| 2023 | 3,353,627 | 3,918,081 | −564,454 | -46.3 | 54% |
In its most recent public year (2023), this organization spent $564,454 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-46.3 months), down from -26.7 in 2020. Staff pay was 54% of spending.
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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