Lutheran Social Service of Colorado

Analysis

Lutheran Social Service of Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1981, 45 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lutheran Social Service of Colorado reported income of $30.9m and spending of $31.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $30.9m (+130%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Social Service of Colorado 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 CO. Charities of a similar size with the same main cause include Potential Energy Coalition Inc ($30.9m), Resthaven ($30.9m) and McDermott Center ($30.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $600k (1.9% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $10.8m against liabilities of $6.3m, net assets of $4.5m. It reported 282 employees.