Lutheran Social Services of Northeast Florida Inc

Analysis

Lutheran Social Services of Northeast Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 Social Services of Northeast Florida Inc reported income of $10.0m and spending of $9.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $10.0m (+79%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 90% 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 Northeast Florida Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Community Reach Center Systems Inc ($10.0m), Make-A-Wish Foundation of North Texas ($10.0m) and Nazareth House of Los Angeles Inc ($10.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $369k (3.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.4m against liabilities of $3.1m, net assets of $5.3m. It reported 75 employees.