Lutheran Archives Center at Philadelphia

Analysis

Lutheran Archives Center at Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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, Lutheran Archives Center at Philadelphia reported income of $147k and spending of $150k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $243k to $147k (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Archives Center at Philadelphia sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Reil ($147k), New Life Ministries Inc ($147k) and Last Frontier Honor Flight Inc ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $80k (53% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.