Lutheran Retirement Ministries Of Alamance County North Carolina
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 23,839,024 | 21,411,064 | 2,427,960 | 17.0 | 39% |
| 2012 | 25,053,343 | 22,819,086 | 2,234,257 | 16.7 | 39% |
| 2013 | 25,328,606 | 23,208,986 | 2,119,620 | 18.2 | 38% |
| 2014 | 25,801,176 | 23,966,286 | 1,834,890 | 18.8 | 39% |
| 2015 | 26,998,603 | 24,712,219 | 2,286,384 | 19.1 | 40% |
| 2016 | 27,268,972 | 25,549,331 | 1,719,641 | 19.6 | 40% |
| 2017 | 29,758,624 | 28,211,131 | 1,547,493 | 18.9 | 38% |
| 2018 | 32,079,026 | 29,350,409 | 2,728,617 | 19.6 | 39% |
| 2019 | 33,699,933 | 32,328,948 | 1,370,985 | 18.3 | 38% |
| 2020 | 34,457,796 | 32,657,753 | 1,800,043 | 18.5 | 40% |
| 2021 | 40,218,325 | 33,281,657 | 6,936,668 | 21.7 | 37% |
| 2022 | 40,219,787 | 40,946,806 | −727,019 | 17.4 | 38% |
| 2023 | 46,915,283 | 44,065,773 | 2,849,510 | 18.0 | 38% |
In its most recent public year (2023), this organization brought in $2,849,510 more than it spent. Its reserves stood at about 18 months of spending. Staff pay was 38% of spending. $4,794,634 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 Retirement Ministries Of Alamance County North Carolina'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