Lutheran Charities

Analysis

Lutheran Charities is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Charities reported income of $237k and spending of $251k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $237k (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 184%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lutheran Charities sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Cornerstone Ondemand Foundation ($237k), Avnei Kodesh Inc ($237k) and McDonough County Community Foundation ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $85k (34% of expenses). Other salaries and wages came to $18k. At year end it held assets of $2.4m against liabilities of $3,876, net assets of $2.4m. It reported 2 employees.