THE LUTHERAN HOME INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$30,245,688
Program Services
97%
Other
2%
Government Grants
<1%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$28,851,028
Salaries & Benefits
69%
Other
13%
Depreciation
7%
Fees to Service Providers
7%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$224,391
$131,603
-41%
Government Grants
$670,762
$238,224
-64%
Fundraising Events
$0
$0
-
Program Services
$28,102,511
$29,323,000
+4%
Membership Dues
$0
$0
-
Investments
$86,203
$91,362
+6%
Other
$465,509
$461,499
-1%
Total Revenues
$29,549,376
$30,245,688
+2%
Expenses
2023
2024
Change
Grants
$2,500,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,603,973
$19,989,046
+2%
Fees to Service Providers
$2,292,001
$1,963,169
-14%
Advertising & Promotion
$79,384
$82,620
+4%
Offices, Occupancy & IT
$1,169,682
$1,154,811
-1%
Interest
$0
$3,954
-
Depreciation
$2,011,842
$1,997,836
-1%
Other
$3,561,485
$3,659,592
+3%
Total Expenses
$31,218,367
$28,851,028
-8%
Net income
2023
2024
Change
Net income
-$1,668,991
+$1,394,660
-184%
Functional Expenses
Summary
2023
2024
Change
Program
$26,412,040
$23,536,701
-11%
Admin
$4,806,327
$5,314,327
+11%
Fundraising
$0
$0
-
Total Expenses
$31,218,367
$28,851,028
-8%
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