Lutheran Services Florida Inc

Analysis

Lutheran Services Florida Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2023, Lutheran Services Florida Inc reported income of $376.9m and spending of $367.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $242.6m to $376.9m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Services Florida Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Valley Mountain Regional Center Inc ($373.0m), Barnardos ($403.5m) and Eastern Los Angeles Regional Center for Developmentally Disabled Inc ($355.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $2.5m (0.7% of expenses). Other salaries and wages came to $72.5m. At year end it held assets of $106.6m against liabilities of $86.4m, net assets of $20.2m. It reported 2,103 employees.