Graceworks Lutheran Services

Analysis

Graceworks Lutheran Services is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in September 1985, 41 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, Graceworks Lutheran Services reported income of $63.2m and spending of $61.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.1m to $63.2m (+29%), an average of +6.5% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Graceworks Lutheran Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Bishop Gadsden Episcopal Retirement Community ($63.2m), Lifepath Inc ($63.2m) and Direction Home Akron Canton Area Agency on Aging ($63.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $24.4m. At year end it held assets of $147.8m against liabilities of $120.5m, net assets of $27.3m. It reported 1,024 employees.