Lutheran Homes Of Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 30,687,996 | 31,120,892 | −432,896 | 5.1 | 52% |
| 2012 | 25,888,960 | 25,310,771 | 578,189 | 5.6 | 53% |
| 2013 | 34,849,216 | 34,110,802 | 738,414 | 4.4 | 53% |
| 2014 | 36,506,255 | 35,096,480 | 1,409,775 | 4.0 | 52% |
| 2015 | 45,293,894 | 45,777,646 | −483,752 | 3.5 | 47% |
| 2016 | 46,193,879 | 46,206,332 | −12,453 | 3.6 | 46% |
| 2017 | 46,596,813 | 46,544,706 | 52,107 | 3.9 | 45% |
| 2018 | 48,032,380 | 44,391,001 | 3,641,379 | 5.1 | 44% |
| 2019 | 37,588,007 | 37,370,121 | 217,886 | 6.2 | 45% |
| 2020 | 38,263,375 | 35,959,836 | 2,303,539 | 7.0 | 44% |
| 2021 | 42,483,751 | 36,113,900 | 6,369,851 | 9.6 | 45% |
| 2022 | 38,076,606 | 36,611,478 | 1,465,128 | 9.3 | 48% |
| 2023 | 36,293,699 | 37,920,019 | −1,626,320 | 8.6 | 47% |
In its most recent public year (2023), this organization spent $1,626,320 more than it brought in. Its reserves stood at about 8.6 months of spending, up from 5.1 in 2011. Staff pay was 47% of spending. $3,829,456 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 Inc'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