Lutheran Home-hickory Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Lutheran Home-hickory Inc is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1988, with $18,377,327 in FY2023 revenue. CharityIndex grades it B.
Po Box 947, Salisbury, NC, 28145 EIN 20-1457341 Since 1988
Revenue (FY2023)
$18.4M
▲ 3.0% vs prior year
Expenses (FY2023)
$19.1M
Net assets
$9.7M
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-hickory 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 rating6 mo reserves · -4% 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-hickory Inc: 6 mo reserves · -4% 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-hickory 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-hickory 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 $12.9M (FY2013) to $18.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1MNet assets $9.7M
Operating margin
-3.7%
Spent more than it raised in the latest fiscal year.
Total assets
$10.8M
Total liabilities
$1.1M
Net assets
$9.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $18,377,327▲3.0% | $19,065,127▲3.2% | $9,734,582▲0.6% | $10,811,352▲1.2% | 990 |
| 2022 | $17,848,495▼7.0% | $18,471,509▲10.3% | $9,679,816▼4.3% | $10,687,431▼3.0% | 990 |
| 2021 | $19,191,858▲19.8% | $16,741,139▲6.0% | $10,119,542▲24.2% | $11,015,128▲23.0% | 990 |
| 2020 | $16,014,095▲7.6% | $15,790,402▲6.8% | $8,148,988▲6.0% | $8,958,824▼4.2% | 990 |
| 2019 | $14,885,311▲5.2% | $14,789,758▲5.2% | $7,687,589▲2.5% | $9,351,726▲6.2% | 990 |
| 2018 | $14,153,547▲2.4% | $14,058,202▲0.1% | $7,500,597▲1.6% | $8,805,488▲1.7% | 990 |
| 2017 | $13,824,454▼1.6% | $14,050,892▲1.2% | $7,381,432▼2.0% | $8,658,590▼2.0% | 990 |
| 2016 | $14,055,797▲8.8% | $13,886,563▲5.7% | $7,531,412▲3.9% | $8,836,003▲3.4% | 990 |
| 2015 | $12,919,535▼1.5% | $13,135,254▲2.8% | $7,247,759▼2.5% | $8,549,407▼0.6% | 990 |
| 2014 | $13,122,356▲2.0% | $12,783,396▲2.3% | $7,436,333▲3.9% | $8,599,995▲4.1% | 990 |
| 2013 | $12,863,854 | $12,497,852▼1.5% | $7,157,113▲5.3% | $8,258,867▲4.1% | 990 |
| 2012 | — | $12,687,255▼1.7% | $6,797,587▲11.7% | $7,933,170▲12.8% | 990 |
| 2011 | — | $12,908,238▲10.6% | $6,084,459▲14.6% | $7,035,464▲14.5% | 990 |
| 2010 | — | $11,668,210▲6.0% | $5,309,575▲31.1% | $6,145,841▲23.6% | 990 |
| 2009 | — | $11,006,021 | $4,048,578 | $4,970,864 | 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-hickory Inc a legitimate nonprofit?
- Yes. Lutheran Home-hickory Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1457341, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is Lutheran Home-hickory Inc's EIN?
- Lutheran Home-hickory Inc's Employer Identification Number (EIN) is 20-1457341.
- How much revenue does Lutheran Home-hickory Inc report?
- Lutheran Home-hickory Inc reported $18,377,327 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Lutheran Home-hickory Inc have?
- CharityIndex grades Lutheran Home-hickory Inc B, based on financial health (reserves and operating margin).
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Data for Lutheran Home-hickory Inc (EIN 20-1457341) 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.