Augsburg Lutheran Home Of Md Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,534,994 | 22,565,282 | −1,030,288 | 9.6 | 43% |
| 2021 | 18,003,635 | 20,504,359 | −2,500,724 | 10.3 | 42% |
| 2022 | 17,592,148 | 21,846,308 | −4,254,160 | 7.5 | 42% |
| 2023 | 19,828,639 | 27,589,038 | −7,760,399 | 2.7 | 37% |
In its most recent public year (2023), this organization spent $7,760,399 more than it brought in. Its reserves stood at about 2.7 months of spending, down from 9.6 in 2020. Staff pay was 37% of spending. $667,561 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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