Lutheran Volunteer Corps

Analysis

Lutheran Volunteer Corps is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lutheran Volunteer Corps reported income of $592k and spending of $500k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $592k (-46%), an average of -14% a year. The sharpest change came in the year to August 2023, when income dropped by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Volunteer Corps sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Florida Independent Living Council Inc ($592k), Richland County Childrens Auxiliary ($592k) and Hope Mission Thrift Store Inc ($592k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $131k (26% of expenses). Other salaries and wages came to $93k. At year end it held assets of $764k against liabilities of $20k, net assets of $744k. It reported 55 employees.