Lyngblomsten Services Inc

Analysis

Lyngblomsten Services Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Lyngblomsten Services Inc reported income of $6.0m and spending of $6.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.0m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lyngblomsten Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Ossining Childrens Center Inc ($6.0m), Hi-Hope Service Center Inc ($6.0m) and Peninsula Volunteers Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $66.2m against liabilities of $59.3m, net assets of $6.9m.