First Lutheran Church Foundation

Analysis

First Lutheran Church Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in May 1971, 55 years ago. 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 2022, First Lutheran Church Foundation reported income of $432k and spending of $470k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $390k to $432k (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Lutheran Church Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within SD. Charities of a similar size with the same main cause include New Mexico Monitored Treatment Program ($432k), Titusville Area Health Center Foundation ($432k) and Dayspring Ministries ($432k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% of the total. At year end it held assets of $13.0m against liabilities of $0, net assets of $13.0m.