Lutheran Retirement Center - Clemmons Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Lutheran Retirement Center - Clemmons Inc is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1988, with $1,407,576 in FY2023 revenue. CharityIndex grades it B.
Po Box 947, Salisbury, NC, 28145 EIN 82-4069577 Since 1988
Revenue (FY2023)
$1.4M
▲ 5.3% vs prior year
Expenses (FY2023)
$1.2M
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 Retirement Center - Clemmons 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 rating12 mo reserves · +18% 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 Retirement Center - Clemmons Inc: 12 mo reserves · +18% 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 Retirement Center - Clemmons 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 Retirement Center - Clemmons 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 $1.2M (FY2021) to $1.4M (FY2023) across 3 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $10.9MNet assets $1.2M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.1M
Total liabilities
$10.9M
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,407,576▲5.3% | $1,153,871▼2.2% | $1,173,587▲117% | $12,063,086▼2.0% | 990 |
| 2022 | $1,336,356▲7.7% | $1,180,328▼7.3% | $539,903▲34.5% | $12,304,503▲4.5% | 990 |
| 2021 | $1,241,347 | $1,273,178 | $401,397 | $11,771,207 | 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 Retirement Center - Clemmons Inc a legitimate nonprofit?
- Yes. Lutheran Retirement Center - Clemmons Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-4069577, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is Lutheran Retirement Center - Clemmons Inc's EIN?
- Lutheran Retirement Center - Clemmons Inc's Employer Identification Number (EIN) is 82-4069577.
- How much revenue does Lutheran Retirement Center - Clemmons Inc report?
- Lutheran Retirement Center - Clemmons Inc reported $1,407,576 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Lutheran Retirement Center - Clemmons Inc have?
- CharityIndex grades Lutheran Retirement Center - Clemmons Inc B, based on financial health (reserves and operating margin).
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Data for Lutheran Retirement Center - Clemmons Inc (EIN 82-4069577) 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.