Lutheran Senior Services

Analysis

Lutheran Senior Services is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1946, 80 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 Senior Services reported income of $238.8m and spending of $254.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $181.1m to $238.8m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Senior Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Springpoint Senior Living Inc ($237.3m), YMCA of San Diego County ($240.2m) and Bancroft a New Jersey Nonprofit Corporation ($236.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $5.0m (2.0% of expenses). Other salaries and wages came to $109.2m. At year end it held assets of $771.6m against liabilities of $898.4m, net assets of -$126.7m. It reported 4,080 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.