Luther Memorial Home Founders Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,922 | 6,110 | 10,812 | 566.9 | — |
| 2012 | 25,307 | 13,974 | 11,333 | 272.7 | — |
| 2013 | 173,100 | 10,289 | 162,811 | 560.3 | — |
| 2014 | 420,749 | 5,036 | 415,713 | 2135.3 | 18% |
| 2015 | 150,985 | 26,842 | 124,143 | 456.1 | 3% |
| 2016 | 122,621 | 77,355 | 45,266 | 165.3 | 0% |
| 2017 | 155,954 | 53,729 | 102,225 | 260.8 | 1% |
| 2018 | 196,672 | 174,407 | 22,265 | 81.9 | 1% |
| 2019 | 150,847 | 117,179 | 33,668 | 125.3 | 0% |
| 2020 | 92,334 | 23,042 | 69,292 | 673.4 | 0% |
| 2021 | 72,283 | 11,665 | 60,618 | 1536.9 | 0% |
| 2022 | 57,824 | 0 | 57,824 | — | — |
| 2023 | 22,256 | 286,893 | −264,637 | 44.3 | 0% |
In its most recent public year (2023), this organization spent $264,637 more than it brought in. Its reserves stood at about 44.3 months of spending, down from 566.9 in 2011. Staff pay was 0% of spending. $49,856 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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