Spiritrust Lutheran Life

Analysis

Spiritrust Lutheran Life is a registered charity in United States, based in Chambersburg, PA. 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, Spiritrust Lutheran Life reported income of $6.5m and spending of $4.3m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.8m to $6.5m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spiritrust Lutheran Life sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Institute for Womens Policy Research ($6.5m), Burbank Housing Management Corporation ($6.5m) and Blue Valley Lutheran Homes Society ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 77% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $264k against liabilities of $1.4m, net assets of -$1.1m. It reported 46 employees.