The Lutheran Care Network Inc

Analysis

The Lutheran Care Network Inc is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in April 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lutheran Care Network Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $1.9m (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lutheran Care Network Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include 100 Black Men of Atlanta Inc ($1.9m), International Union of Bricklayers and Allied Craftworkers ($1.9m) and Reach the Valley ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.6m against liabilities of $2.3m, net assets of $1.3m. It reported 11 employees.