LUTHERAN HOMES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$48,745,491
Program Services
97%
Investments
1%
Contributions
1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$48,235,544
Salaries & Benefits
64%
Other
9%
Offices, Occupancy & IT
8%
Depreciation
8%
Fees to Service Providers
6%
Interest
4%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$637,443
$515,116
-19%
Government Grants
$9,178,946
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$42,717,106
$47,148,733
+10%
Membership Dues
$0
$0
-
Investments
$404,530
$679,169
+68%
Other
$303,354
$402,473
+33%
Total Revenues
$53,241,379
$48,745,491
-8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$27,366,207
$30,778,436
+12%
Fees to Service Providers
$3,242,346
$2,728,411
-16%
Advertising & Promotion
$701,515
$610,234
-13%
Offices, Occupancy & IT
$3,457,889
$3,885,599
+12%
Interest
$1,621,093
$2,035,012
+26%
Depreciation
$3,119,281
$3,694,011
+18%
Other
$4,315,717
$4,503,841
+4%
Total Expenses
$43,824,048
$48,235,544
+10%
Net income
2023
2024
Change
Net income
+$9,417,331
+$509,947
-95%
Functional Expenses
Summary
2023
2024
Change
Program
$38,870,815
$42,503,655
+9%
Admin
$4,725,608
$5,521,177
+17%
Fundraising
$227,625
$210,712
-7%
Total Expenses
$43,824,048
$48,235,544
+10%
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