Lutheran Family Services of Virginia Inc

Analysis

Lutheran Family Services of Virginia Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lutheran Family Services of Virginia Inc reported income of $52.8m and spending of $51.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.2m to $52.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Family Services of Virginia Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Association for Individual Development ($52.8m), The Arc Baltimore Inc ($52.8m) and Little Havana Activities and Nutrition Centers of Dade County I ($52.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (3.1% of expenses). At year end it held assets of $25.9m against liabilities of $9.7m, net assets of $16.2m. It reported 572 employees.