First Lutheran Church Foundation of Fergus Falls Minnesota

Analysis

First Lutheran Church Foundation of Fergus Falls Minnesota is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in June 1966, 60 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Lutheran Church Foundation of Fergus Falls Minnesota reported income of $70k and spending of $48k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $70k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Lutheran Church Foundation of Fergus Falls Minnesota sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include The National Association of Medical Minority Educators Inc ($70k), Georgia Extension 4-H Foundation Inc ($70k) and Kick Cancer to the Curb of Mille Lacs County ($70k).

At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.