Lutheran Charity Association

Analysis

Lutheran Charity Association is a registered charity in United States, based in Jamestown, ND. It received its IRS tax-exemption ruling in July 1948, 78 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lutheran Charity Association reported income of $76.4m and spending of $74.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $54.0m to $76.4m (+41%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lutheran Charity Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Coastal Medical Physicians Inc ($76.3m), Montefiore Medicine Academic Health Self Insurance Trist ($76.5m) and Carnegie Cardiovascular PC ($76.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $658k (0.9% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $100.3m against liabilities of $55.3m, net assets of $45.1m. It reported 429 employees.