Lutheran Family Services of Ne Inc

Analysis

Lutheran Family Services of Ne Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Family Services of Ne Inc reported income of $37.4m and spending of $32.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.8m to $37.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Family Services of Ne Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Spokane United Methodist Homes ($37.4m), Paratransit Services ($37.4m) and St Louis Arc Inc ($37.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $498k (1.5% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $37.3m against liabilities of $16.5m, net assets of $20.8m. It reported 495 employees.