Public Charity

Lutheran Retirement Center - Salisbury Inc

Lutheran Retirement Center - Salisbury Inc is a Public Charity headquartered in Salisbury, NC. Financial data from the 2024 filing: $11.6M revenue, $10.7M expenses, $29.6M total assets. 3 publicly reported grants to this organization, totaling roughly $1.8M, appear in IRS filings.

EIN: 561540214 Salisbury, NC Latest filing: 2024
Total Revenue$11.6M
Total Expenses$10.7M
Total Assets$29.6M
Grant Records3
Funding Total$1.8M
Filing Years2020–2024

Mission

SEE SCHEDULE O

Officers & Directors

Vice Chair Cary M Grant
Chair Gregory Hudgins
Director Henry Brown
Secretary Karen Maddry
Chief Operating Officer Kesha Smith
Chief Financial Officer Kirby Nickerson

Officer compensation and complete director data available with membership.

Top Grant Purposes

OPERATIONAL SUPPORT
$1,673,550 2 grants
CHARITABLE GIFT
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $11.6M $10.7M $29.6M
2023 $10.8M $9.7M $27.8M
2022 $12.2M $8.9M $27.4M
2021 $9.8M $8.8M $24.3M
2020 $10.3M $8.9M $23.1M

Between 2020 and 2024, reported annual revenue grew from $10.3M to $11.6M (+13%), with total assets most recently reported at $29.6M.

Interactive year-over-year charts and full filing details available with membership.

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