Concordia Lutheran Ministries

Analysis

Concordia Lutheran Ministries is a registered charity in United States, based in Cabot, PA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia Lutheran Ministries reported income of $176.9m and spending of $101.3m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.1m to $176.9m (+253%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 200%. Over the whole period it spent 30% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concordia Lutheran Ministries sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Baystate Administrative Services Inc ($176.8m), Mercy Hospital Ardmore Inc ($176.9m) and Edward Health Ventures ($176.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 0.1% of the total. At year end it held assets of $659.0m against liabilities of $5.5m, net assets of $653.5m.