Lutheran Services in Iowa Inc

Analysis

Lutheran Services in Iowa Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lutheran Services in Iowa Inc reported income of $32.5m and spending of $33.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $34.8m to $32.5m (-6.3%), an average of -1.6% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Services in Iowa Inc sits at the 98th 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 IA. Charities of a similar size with the same main cause include Families Together of Orange County ($32.5m), Starkey Incorporated ($32.6m) and Koinonia Homes Inc ($32.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $395k (1.2% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $27.1m against liabilities of $3.3m, net assets of $23.9m. It reported 811 employees.