Lutheran News

Analysis

Lutheran News is a registered charity in United States, based in New Haven, MO. It received its IRS tax-exemption ruling in November 1964, 62 years ago. 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 News reported income of $377k and spending of $396k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $759k to $377k (-50%), an average of -13% a year. The sharpest change came in the year to December 2019, when income rose by 132%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran News sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within MO. Charities of a similar size with the same main cause include Lutheran Mideast Development ($377k), North Tahoe Arts Inc ($377k) and Sudden Infant Death Services of Illinois Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $27k (6.7% of expenses). Other salaries and wages came to $88k. At year end it held assets of $4.1m against liabilities of $72k, net assets of $4.0m. It reported 8 employees.