Lutheran Home
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 24,367,751 | 24,311,485 | 56,266 | -2.6 | 44% |
| 2015 | 24,880,894 | 25,372,078 | −491,184 | -2.8 | 44% |
| 2016 | 25,953,499 | 26,303,999 | −350,500 | -2.8 | 49% |
| 2017 | 26,398,902 | 25,741,014 | 657,888 | -2.6 | 50% |
| 2018 | 25,610,301 | 26,212,075 | −601,774 | -2.7 | 47% |
| 2019 | 26,269,582 | 26,570,319 | −300,737 | -2.8 | 47% |
| 2020 | 28,947,481 | 27,908,780 | 1,038,701 | -2.2 | 49% |
| 2021 | 28,215,877 | 27,986,339 | 229,538 | -4.2 | 49% |
| 2022 | 28,317,651 | 27,129,239 | 1,188,412 | -5.0 | 45% |
| 2023 | 27,947,732 | 21,581,581 | 6,366,151 | -2.9 | 36% |
In its most recent public year (2023), this organization brought in $6,366,151 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.9 months). Staff pay was 36% of spending. $670,573 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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