Lutheran Social Services of South Dakota Foundation Inc

Analysis

Lutheran Social Services of South Dakota Foundation Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a supporting organisation (type i) 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 Foundation Inc reported income of $437k and spending of $237k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $159k to $437k (+175%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 214%. Over the whole period it spent 68% 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 Foundation Inc 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 Shmira Community Services Inc ($437k), West Alabama Chamber Foundation Inc ($437k) and The McKenney Foundation ($437k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.