Lutheran Foundation of New Jersey Inc

Analysis

Lutheran Foundation of New Jersey Inc is a registered charity in United States, based in Burlington, NJ. 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 Foundation of New Jersey Inc reported income of $2.4m and spending of $408k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $752k to $2.4m (+221%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 271%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Foundation of New Jersey Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Hattie B Cooper Community Center Inc ($2.4m), Educational and Research Foundation for the American Academy of Facial ($2.4m) and V M I Research Laboratories ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $265k. At year end it held assets of $1.3m against liabilities of $3,224, net assets of $1.3m. It reported 1 employees.