Is Lutheran Cemetery Legit?

Lutheran Cemetery demonstrates consistent financial stability with a strong asset base relative to its liabilities. Over the past decade, the organization has generally maintained positive net income, with revenues frequently exceeding expenses. For instance, in 2023, revenue was $4,401,233 against expenses of $4,059,078, indicating a surplus. The organization's assets have steadily grown, reaching $39,273,761 in 2023, while liabilities remain relatively low, suggesting good financial management and a healthy balance sheet. The NTEE code Y50, which typically covers 'Cemeteries and Burial Services,' aligns with the organization's name. Given the nature of its services, a significant portion of its expenses would likely be operational and directly related to maintaining its facilities and services, which can be considered program-related. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that officers are not compensated, which is a positive sign for donors concerned about administrative overhead. Overall, Lutheran Cemetery appears to be a financially sound organization with a clear mission. Its consistent financial reporting, growth in assets, and low liabilities, coupled with the absence of reported officer compensation, suggest a well-managed and transparent entity. The organization's ability to generate consistent revenue and manage expenses effectively points to a sustainable operational model.