Lutheran Services for the Aging Inc

Analysis

Lutheran Services for the Aging Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lutheran Services for the Aging Inc reported income of $656k and spending of $206k, leaving 69% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $317k to $656k (+107%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 107%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Services for the Aging Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Trinity Healing Center Inc ($656k), US Right to Know ($656k) and Iowa Agriculture Literacy Foundation ($656k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $9.0m against liabilities of $3,210, net assets of $9.0m.