Lutheran Home-albemarle Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Lutheran Home-albemarle Inc is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1988, with $10,709,746 in FY2023 revenue. CharityIndex grades it B.
Po Box 947, Salisbury, NC, 28145 EIN 20-1457298 Since 1988
Revenue (FY2023)
$10.7M
▲ 8.2% vs prior year
Expenses (FY2023)
$11.0M
Net assets
$6.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lutheran Home-albemarle Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating7 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lutheran Home-albemarle Inc: 7 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lutheran Home-albemarle Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lutheran Home-albemarle Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 947, Salisbury, NC, 28145
- City
- Salisbury
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $6.7M (FY2013) to $10.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $809KNet assets $6.2M
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$7.0M
Total liabilities
$809K
Net assets
$6.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $10,709,746▲8.2% | $10,992,862▲9.5% | $6,168,958▲4.4% | $6,978,197▲5.2% | 990 |
| 2022 | $9,894,918▼12.0% | $10,043,054▲8.7% | $5,909,738▼1.0% | $6,634,706▲0.5% | 990 |
| 2021 | $11,242,513▲23.0% | $9,236,425▲4.4% | $5,971,089▲42.0% | $6,603,705▲29.7% | 990 |
| 2020 | $9,142,249▲6.0% | $8,846,122▲8.4% | $4,205,581▲11.1% | $5,090,743▲10.6% | 990 |
| 2019 | $8,627,827▲18.6% | $8,163,060▲8.7% | $3,786,787▲15.5% | $4,602,596▲17.6% | 990 |
| 2018 | $7,275,140▲4.2% | $7,506,421▲5.5% | $3,278,713▼6.6% | $3,915,129▼4.3% | 990 |
| 2017 | $6,981,392▼1.4% | $7,116,585▲0.8% | $3,509,064▼2.5% | $4,091,027▼2.1% | 990 |
| 2016 | $7,083,316▲4.1% | $7,059,777▼0.3% | $3,597,394▲2.3% | $4,179,557▲0.5% | 990 |
| 2015 | $6,801,394▼2.5% | $7,083,106▲4.0% | $3,515,037▼6.1% | $4,156,877▼4.3% | 990 |
| 2014 | $6,978,950▲3.4% | $6,808,008▲1.7% | $3,744,926▲2.5% | $4,344,211▲4.6% | 990 |
| 2013 | $6,749,308 | $6,691,810▲0.5% | $3,654,392▲2.0% | $4,152,177▲0.9% | 990 |
| 2012 | — | $6,657,320▼3.6% | $3,583,633▲0.2% | $4,116,197▲2.9% | 990 |
| 2011 | — | $6,908,485▲3.3% | $3,577,524▼6.3% | $3,999,744▼5.6% | 990 |
| 2010 | — | $6,688,331▲5.5% | $3,818,523▲16.7% | $4,237,332▲12.1% | 990 |
| 2009 | — | $6,337,516 | $3,272,520 | $3,781,247 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Lutheran Home-albemarle Inc a legitimate nonprofit?
- Yes. Lutheran Home-albemarle Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1457298, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is Lutheran Home-albemarle Inc's EIN?
- Lutheran Home-albemarle Inc's Employer Identification Number (EIN) is 20-1457298.
- How much revenue does Lutheran Home-albemarle Inc report?
- Lutheran Home-albemarle Inc reported $10,709,746 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Lutheran Home-albemarle Inc have?
- CharityIndex grades Lutheran Home-albemarle Inc B, based on financial health (reserves and operating margin).
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Data for Lutheran Home-albemarle Inc (EIN 20-1457298) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.