Lutheran Social Services of Central Ohio Inc

Analysis

Lutheran Social Services of Central Ohio Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1961, 65 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 June 2023, Lutheran Social Services of Central Ohio Inc reported income of $32.3m and spending of $30.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.1m to $32.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Social Services of Central Ohio Inc sits at the 99th 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 OH. Charities of a similar size with the same main cause include National Childrens Alliance Inc ($32.3m), Miami Cerebral Palsy Residential Services Inc ($32.3m) and Legal Services of the Hudson Valley ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $530k (1.7% of expenses). Other salaries and wages came to $10.0m. It paid $603k in professional fundraising fees. At year end it held assets of $18.2m against liabilities of $19.4m, net assets of -$1.2m. It reported 488 employees.