Lutheran Home - Wilmington Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs
Lutheran Home - Wilmington Inc is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1988, with $13,885,225 in FY2023 revenue. CharityIndex grades it B.
Po Box 947, Salisbury, NC, 28145 EIN 26-0158686 Since 1988
Revenue (FY2023)
$13.9M
▲ 5.3% vs prior year
Expenses (FY2023)
$13.6M
Net assets
$5.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 - Wilmington Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +2% 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 - Wilmington Inc: 4 mo reserves · +2% margin earns a A 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 - Wilmington 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 - Wilmington 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 $8.5M (FY2013) to $13.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $151KNet assets $5.0M
Operating margin
1.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.2M
Total liabilities
$151K
Net assets
$5.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $13,885,225▲5.3% | $13,639,082▲7.6% | $5,000,654▲8.8% | $5,151,949▼23.5% | 990 |
| 2022 | $13,182,205▼10.1% | $12,672,195▲11.4% | $4,594,885▲13.9% | $6,735,615▲6.8% | 990 |
| 2021 | $14,656,946▲15.8% | $11,376,809▼6.8% | $4,032,793▲353% | $6,305,097▲80.9% | 990 |
| 2020 | $12,654,546▲10.0% | $12,202,842▲8.8% | $890,133▲143% | $3,485,965▼0.9% | 990 |
| 2019 | $11,509,345▲6.5% | $11,214,274▲9.3% | $365,693▲666% | $3,517,367▲29.5% | 990 |
| 2018 | $10,804,136▲4.9% | $10,263,582▼1.7% | $47,730▲109% | $2,715,664▼1.9% | 990 |
| 2017 | $10,295,814▲4.5% | $10,440,811▲6.7% | -$507,448▼31.5% | $2,767,723▼10.9% | 990 |
| 2016 | $9,848,566▲4.3% | $9,784,440▲4.7% | -$385,840▲16.3% | $3,106,098▲4.9% | 990 |
| 2015 | $9,444,366▲1.3% | $9,341,028▲2.8% | -$461,103▲17.7% | $2,960,291▼4.4% | 990 |
| 2014 | $9,320,632▲9.5% | $9,087,817▲3.9% | -$559,990▲28.8% | $3,096,300▼4.0% | 990 |
| 2013 | $8,515,683 | $8,744,404▲6.3% | -$786,316▼43.9% | $3,226,082▼5.2% | 990 |
| 2012 | — | $8,224,017▲5.8% | -$546,556▲20.9% | $3,404,014▲5.3% | 990 |
| 2011 | — | $7,773,535▲389% | -$690,805▲6.1% | $3,234,047▲41.3% | 990 |
| 2010 | — | $1,589,610▲13759% | -$735,556▼6344% | $2,289,464▲1116% | 990 |
| 2009 | — | $11,470 | -$11,414 | $188,300 | 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 - Wilmington Inc a legitimate nonprofit?
- Yes. Lutheran Home - Wilmington Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0158686, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is Lutheran Home - Wilmington Inc's EIN?
- Lutheran Home - Wilmington Inc's Employer Identification Number (EIN) is 26-0158686.
- How much revenue does Lutheran Home - Wilmington Inc report?
- Lutheran Home - Wilmington Inc reported $13,885,225 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Lutheran Home - Wilmington Inc have?
- CharityIndex grades Lutheran Home - Wilmington Inc B, based on financial health (reserves and operating margin).
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Data for Lutheran Home - Wilmington Inc (EIN 26-0158686) 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.