Lutheran Services Property Inc

Analysis

Lutheran Services Property Inc is a registered charity in United States, based in Salisbury, NC. 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 September 2023, Lutheran Services Property Inc reported income of $144k and spending of $125k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $144k (+0.8%), an average of +0.2% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Services Property Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Hva Foundation Inc ($144k), Mankato Swim Club Inc ($144k) and Mystic Islands Volunteer Fire Company Inc ($144k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $2.9m against liabilities of $808k, net assets of $2.0m.