Lutheran Retirement Center Salisbury Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,739,410 | 5,202,124 | −462,714 | -2.1 | 33% |
| 2012 | 4,697,969 | 5,016,860 | −318,891 | -12.2 | 33% |
| 2013 | 5,255,256 | 5,078,186 | 177,070 | -11.4 | 33% |
| 2014 | 5,793,405 | 5,463,312 | 330,093 | -9.8 | 33% |
| 2015 | 6,674,406 | 6,026,032 | 648,374 | -7.9 | 31% |
| 2016 | 7,508,441 | 6,855,977 | 652,464 | -5.6 | 31% |
| 2017 | 7,649,917 | 7,407,328 | 242,589 | -4.6 | 32% |
| 2018 | 10,070,992 | 8,136,888 | 1,934,104 | -1.2 | 31% |
| 2019 | 9,918,564 | 8,761,585 | 1,156,979 | 0.5 | 33% |
| 2020 | 10,299,860 | 8,910,848 | 1,389,012 | 2.5 | 34% |
| 2021 | 9,827,314 | 8,826,334 | 1,000,980 | 4.2 | 36% |
| 2022 | 12,212,812 | 8,868,402 | 3,344,410 | 8.1 | 36% |
| 2023 | 10,833,589 | 9,737,607 | 1,095,982 | 8.9 | 37% |
In its most recent public year (2023), this organization brought in $1,095,982 more than it spent. Its reserves stood at about 8.9 months of spending, up from -2.1 in 2011. Staff pay was 37% of spending. $173,144 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 Center Salisbury Inc'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