Lutheran Social Mission Society of Philadelphia

Analysis

Lutheran Social Mission Society of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1963, 63 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 June 2023, Lutheran Social Mission Society of Philadelphia reported income of $5.7m and spending of $5.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Social Mission Society of Philadelphia sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Mecklenburg Aquatic Club Inc ($5.7m), Child Care of the Berkshires Inc ($5.7m) and Holiday Hill Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $150k (2.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $9.1m against liabilities of $5.5m, net assets of $3.6m. It reported 95 employees.