Luke Society

Analysis

Luke Society is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in September 1966, 60 years ago. 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 December 2023, Luke Society reported income of $4.3m and spending of $2.9m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luke Society sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include Elder Care of Alachua County Inc ($4.3m), Martha and Mary Lutheran Services ($4.3m) and Luther Rice University Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $398k (14% of expenses). Other salaries and wages came to $327k. At year end it held assets of $12.3m against liabilities of $35k, net assets of $12.3m. It reported 6 employees.