Lutheran Community Services for the Aged Inc

Analysis

Lutheran Community Services for the Aged Inc is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 June 2023, Lutheran Community Services for the Aged Inc reported income of $3.4m and spending of $3.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $3.4m (-51%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Community Services for the Aged Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Thrive Cil ($3.4m), Enterprise Center Capital Corporation ($3.4m) and Groundworks Collaborative Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $2.9m against liabilities of $18.0m, net assets of -$15.1m. It reported 142 employees.