Lutheran Family Services in the Carolinas Inc

Analysis

Lutheran Family Services in the Carolinas 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 Family Services in the Carolinas Inc reported income of $37.0m and spending of $34.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.9m to $37.0m (+48%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Family Services in the Carolinas Inc 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 99th percentile within NC. Charities of a similar size with the same main cause include Broadmead Inc ($37.0m), Child Care Aware of America ($37.0m) and Young Mens Christian Association of Northwest North Carolina ($37.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $14.6m. At year end it held assets of $12.5m against liabilities of $7.8m, net assets of $4.7m. It reported 405 employees.