Lutheran Home Of Central New York
Lutheran Home Of Central New York shows consistent asset growth despite recent operating deficit and no reported executive compensation.
EIN: 150543616 · Clinton, NY · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $9.9M |
| Transparency Score | 85/100 |
Is Lutheran Home Of Central New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Home Of Central New York directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Home Of Central New York
Lutheran Home Of Central New York (EIN: 150543616) is a nonprofit organization based in Clinton, NY, classified under NTEE code E91Z. The organization reported total revenue of $3.3M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home Of Central New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Home Of Central New York is a mid-size nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-461,563 |
| Total Assets | $12.2M |
| Total Liabilities | $2.3M |
| Net Assets | $9.9M |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 60.4 months |
Financial Health Grade: B
In 2023, Lutheran Home Of Central New York reported a deficit of $462K with expenses exceeding revenue, holds 60.4 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home Of Central New York's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.3% | +4.2% | +2.1% |
| 2022 | +14.4% | -8.2% | -10.6% |
| 2021 | -17.6% | -12.6% | +5.2% |
| 2020 | -24.6% | -9.1% | +5.7% |
| 2019 | +27.5% | +15.3% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Of Central New York 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lutheran Home Of Central New York allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $462K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size with assets exceeding $11 million.
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 Of Central New York's IRS 990 filings:
- Operating deficit in the most recent filing (2023), with expenses exceeding revenue by $461,563.
Strengths
The following positive indicators were identified for Lutheran Home Of Central New York:
- Consistent asset growth, from $7.8M in 2015 to $12.1M in 2023.
- No reported officer compensation across all 13 filings, indicating high resource allocation to mission.
- Long history of consistent IRS 990 filings, demonstrating transparency and compliance.
- Generally stable revenue and expense patterns over the past decade.
Frequently Asked Questions about Lutheran Home Of Central New York
Is Lutheran Home Of Central New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Home Of Central New York (EIN: 150543616) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Lutheran Home Of Central New York spend its money?
Lutheran Home Of Central New York directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Home Of Central New York tax-deductible?
Lutheran Home Of Central New York is registered as a tax-exempt nonprofit (EIN: 150543616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lutheran Home Of Central New York CEO make?
Lutheran Home Of Central New York's highest-compensated officer earns $11 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lutheran Home Of Central New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lutheran Home Of Central New York is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lutheran Home Of Central New York located?
Lutheran Home Of Central New York is headquartered in Clinton, New York and files with the IRS under EIN 150543616. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Lutheran Home Of Central New York have?
Lutheran Home Of Central New York has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is Lutheran Home Of Central New York financially stable?
Yes, despite a recent operating deficit in 2023 ($1,960,841 revenue vs. $2,422,404 expenses), the organization has a strong asset base of $12,196,235, which has grown consistently over the past decade, indicating overall financial stability.
How does Lutheran Home Of Central New York manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that no salaries or benefits are paid to its officers, which is a significant indicator of resource allocation towards its mission.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated but remained relatively stable over the past decade, typically ranging between $2.5 million and $3.8 million. The most recent filing (2023) shows a dip in revenue to $1,960,841 and expenses of $2,422,404, resulting in a deficit.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown consistent growth, increasing from $7,879,539 in 2015 to $12,196,235 in 2023, demonstrating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Lutheran Home Of Central New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home Of Central New York's revenue has grown by 12.8%, moving from $1.7M to $2.0M. Total assets increased by 70.8% over the same period, from $7.1M to $12.2M. Total functional expenses rose by 19.4%, from $2.0M to $2.4M. In its most recent filing year (2023), Lutheran Home Of Central New York reported a deficit of $462K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $12.2M in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.4M | $12.2M | $2.3M | — | — |
| 2022 | $2.7M | $2.3M | $11.9M | $2.5M | — | View 990 |
| 2021 | $2.4M | $2.5M | $13.4M | $2.8M | — | View 990 |
| 2020 | $2.9M | $2.9M | $12.7M | $2.8M | — | View 990 |
| 2019 | $3.8M | $3.2M | $12.0M | $2.5M | — | View 990 |
| 2018 | $3.0M | $2.8M | $10.6M | $2.2M | — | View 990 |
| 2017 | $2.9M | $2.7M | $9.2M | $412K | — | View 990 |
| 2016 | $2.7M | $2.6M | $8.4M | $366K | — | View 990 |
| 2015 | $2.6M | $2.4M | $7.9M | $326K | — | View 990 |
| 2014 | $2.9M | $2.3M | $8.1M | $431K | — | View 990 |
| 2013 | $2.3M | $2.2M | $7.8M | $366K | — | View 990 |
| 2012 | $2.3M | $2.1M | $7.5M | $502K | — | View 990 |
| 2011 | $1.7M | $2.0M | $7.1M | $576K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.4M, and assets of $12.2M (revenue -28.3% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.3M, and assets of $11.9M (revenue +14.4% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.5M, and assets of $13.4M (revenue -17.6% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.9M, and assets of $12.7M (revenue -24.6% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.2M, and assets of $12.0M (revenue +27.5% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.8M, and assets of $10.6M (revenue +4.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.7M, and assets of $9.2M (revenue +6.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.6M, and assets of $8.4M (revenue +6.6% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.4M, and assets of $7.9M (revenue -11.1% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.3M, and assets of $8.1M (revenue +24.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $7.8M (revenue -2.0% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.1M, and assets of $7.5M (revenue +34.9% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.0M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home Of Central New York:
Data Sources and Methodology
This transparency report for Lutheran Home Of Central New York 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.