Lutheran Social Services Foundation of Upstate New York Inc

Analysis

Lutheran Social Services Foundation of Upstate New York Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lutheran Social Services Foundation of Upstate New York Inc reported income of $1.6m and spending of $3.1m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lutheran Social Services Foundation of Upstate New York Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Arts Council of Anne Arundel County Inc ($1.6m), Southwest Airlines Employees Catastrophic Assistance Charity ($1.6m) and Tacoma Community Boat Builders Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $84k. At year end it held assets of $19.2m against liabilities of $4,678, net assets of $19.2m.