Lutheran Social Services of Alaska Inc

Analysis

Lutheran Social Services of Alaska Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in November 1988, 38 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 Social Services of Alaska Inc reported income of $1.6m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lutheran Social Services of Alaska Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within AK. Charities of a similar size with the same main cause include Urbandale Food Pantry ($1.6m), Pike County Agricultural Society ($1.6m) and Coalition to Stop Violence Against Native Women ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $98k (6.0% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.3m against liabilities of $383k, net assets of $907k. It reported 4 employees.