Lutheran Home For The Aged Association East
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $14,237,508 | $13,694,771 | $542,737 | 7.0 | 55% |
| 2022 | $13,011,239 | $13,280,486 | −$269,247 | 6.9 | 56% |
| 2023 | $14,341,804 | $14,736,582 | −$394,778 | 5.9 | 57% |
In its most recent public year (2023), this organization spent $394,778 more than it brought in. Its reserves stood at about 5.9 months of spending, down from 7 in 2021. Staff pay was 57% 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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