Lutheran Home Hickory West Inc
Lutheran Home Hickory West Inc shows consistent revenue growth and increasing assets with no reported officer compensation.
EIN: 201457410 · Salisbury, NC · Updated: 2026-03-28
Is Lutheran Home Hickory West Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Home Hickory West Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Home Hickory West Inc
Lutheran Home Hickory West Inc (EIN: 201457410) is a nonprofit organization based in Salisbury, NC. The organization reported total revenue of $16.0M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home Hickory West Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Home Hickory West Inc is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.1M |
| Total Expenses | $14.9M |
| Surplus / Deficit | +$278K |
| Total Assets | $8.1M |
| Total Liabilities | $2.5M |
| Net Assets | $5.6M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 31.1% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Lutheran Home Hickory West Inc reported a surplus of $278K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 31.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home Hickory West Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | +12.0% | +11.5% |
| 2022 | +12.3% | +5.3% | +58.0% |
| 2021 | +7.6% | +5.3% | +19.5% |
| 2020 | +12.5% | +4.4% | +42.5% |
| 2019 | +0.1% | -1.6% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lutheran Home Hickory West Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lutheran Home Hickory West Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $278K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $15 million. This either indicates a fully volunteer executive leadership or that executive compensation is reported under other expense categories, requiring further scrutiny of the full 990 forms for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lutheran Home Hickory West Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may indicate compensation is reported in other categories, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for Lutheran Home Hickory West Inc:
- Consistent revenue growth over the past decade, from $10,416,456 in 201409 to $15,130,191 in 202309.
- Significant increase in assets, more than doubling from $3,862,141 in 202009 to $8,133,232 in 202309, enhancing long-term stability.
- Revenues consistently exceeding expenses in recent years, indicating sound financial management (e.g., $15,130,191 revenue vs. $14,852,389 expenses in 202309).
- Consistent filing of IRS 990 forms, demonstrating good governance and compliance.
Frequently Asked Questions about Lutheran Home Hickory West Inc
Is Lutheran Home Hickory West Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Home Hickory West Inc (EIN: 201457410) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Lutheran Home Hickory West Inc spend its money?
Lutheran Home Hickory West Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Home Hickory West Inc tax-deductible?
Lutheran Home Hickory West Inc is registered as a tax-exempt nonprofit (EIN: 201457410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lutheran Home Hickory West Inc financially stable?
Yes, the organization appears financially stable. Its assets have grown significantly from $3,862,141 in 202009 to $8,133,232 in 202309, and revenues consistently exceed expenses, as seen in the 202309 filing where revenue was $15,130,191 and expenses were $14,852,389.
How has the organization's asset base changed over time?
The organization's assets have shown strong growth, more than doubling from $3,862,141 in 202009 to $8,133,232 in 202309, indicating improved financial health and capacity.
What is the trend in revenue and expenses?
Revenue has shown a consistent upward trend, increasing from $10,416,456 in 201409 to $15,130,191 in 202309. Expenses have also increased but generally remain below revenue, indicating operational efficiency and a positive net income in most recent years.
Is executive compensation a concern?
Executive compensation is reported as 0% across all available filings. While this could be a positive indicator of volunteer leadership, it is highly unusual for an organization of this scale and warrants further investigation into the full 990 forms to understand how leadership is compensated, if at all, and ensure full transparency.
Filing History
IRS 990 filing history for Lutheran Home Hickory West Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home Hickory West Inc's revenue has grown by 45.3%, moving from $10.4M to $15.1M. Total assets increased by 95.4% over the same period, from $4.2M to $8.1M. Total functional expenses rose by 65.6%, from $9.0M to $14.9M. In its most recent filing year (2023), Lutheran Home Hickory West Inc reported a surplus of $278K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $8.1M in assets (debt-to-asset ratio: 31.1%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.1M | $14.9M | $8.1M | $2.5M | — | View 990 |
| 2022 | $15.9M | $13.3M | $7.3M | $1.9M | — | View 990 |
| 2021 | $14.1M | $12.6M | $4.6M | $1.9M | — | View 990 |
| 2020 | $13.1M | $12.0M | $3.9M | $2.6M | — | — |
| 2019 | $11.7M | $11.5M | $2.7M | $2.6M | — | View 990 |
| 2018 | $11.6M | $11.7M | $2.9M | $3.1M | — | View 990 |
| 2017 | $11.5M | $11.2M | $3.2M | $3.3M | — | View 990 |
| 2016 | $11.1M | $11.0M | $3.5M | $3.9M | — | View 990 |
| 2015 | $11.0M | $10.9M | $4.1M | $4.6M | — | View 990 |
| 2014 | $10.4M | $11.0M | $4.0M | $4.5M | — | View 990 |
| 2013 | $8.9M | $8.9M | $4.0M | $3.9M | — | View 990 |
| 2012 | $9.5M | $10.6M | $2.6M | $2.6M | — | View 990 |
| 2011 | $10.4M | $9.0M | $4.2M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.1M, expenses of $14.9M, and assets of $8.1M (revenue -4.6% year-over-year).
- 2022: Revenue of $15.9M, expenses of $13.3M, and assets of $7.3M (revenue +12.3% year-over-year).
- 2021: Revenue of $14.1M, expenses of $12.6M, and assets of $4.6M (revenue +7.6% year-over-year).
- 2020: Revenue of $13.1M, expenses of $12.0M, and assets of $3.9M (revenue +12.5% year-over-year).
- 2019: Revenue of $11.7M, expenses of $11.5M, and assets of $2.7M (revenue +0.1% year-over-year).
- 2018: Revenue of $11.6M, expenses of $11.7M, and assets of $2.9M (revenue +1.2% year-over-year).
- 2017: Revenue of $11.5M, expenses of $11.2M, and assets of $3.2M (revenue +3.8% year-over-year).
- 2016: Revenue of $11.1M, expenses of $11.0M, and assets of $3.5M (revenue +1.3% year-over-year).
- 2015: Revenue of $11.0M, expenses of $10.9M, and assets of $4.1M (revenue +5.2% year-over-year).
- 2014: Revenue of $10.4M, expenses of $11.0M, and assets of $4.0M (revenue +17.2% year-over-year).
- 2013: Revenue of $8.9M, expenses of $8.9M, and assets of $4.0M (revenue -6.6% year-over-year).
- 2012: Revenue of $9.5M, expenses of $10.6M, and assets of $2.6M (revenue -8.7% year-over-year).
- 2011: Revenue of $10.4M, expenses of $9.0M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home Hickory West Inc:
Data Sources and Methodology
This transparency report for Lutheran Home Hickory West Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.