Lutheran Social Services Group Inc

Analysis

Lutheran Social Services Group Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Social Services Group Inc reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.9m (-26%), an average of -7.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Social Services Group Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include University Center Facilities Corporation V ($1.9m), Upper Darby Township & Sellers Memorial Free Public Library ($1.9m) and Boys & Girls Club of the Mountain Empire ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $728k (40% of expenses). Other salaries and wages came to $484k. At year end it held assets of $2.5m against liabilities of $1.3m, net assets of $1.2m. It reported 14 employees.