Lutheran Services in Iowa Charitable Foundation Inc

Analysis

Lutheran Services in Iowa Charitable Foundation Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Charitable Foundation Inc reported income of $1.4m and spending of $804k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 325%. Over the whole period it spent 114% 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 Charitable Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Open Arms Adoptions Inc ($1.4m), Assistance League of Denver ($1.4m) and Social Resources Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. It paid $100k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $9.8m, net assets of $0.