Lutheran Social Services of South Dakota

Analysis

Lutheran Social Services of South Dakota is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1963, 63 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lutheran Social Services of South Dakota reported income of $26.9m and spending of $26.9m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $22.7m to $26.9m (+19%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Social Services of South Dakota 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 SD. Charities of a similar size with the same main cause include Columbus Urban League ($26.8m), American Society of Nephrology Inc ($26.9m) and Eagle Hill Foundation of Massachusetts Inc ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $273k (1.0% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $22.6m against liabilities of $7.1m, net assets of $15.5m. It reported 603 employees.