Lutheran Social Services Of Metropolitan New York Inc
Lutheran Social Services Of Metropolitan New York Inc maintains strong assets despite a minor operating deficit in its latest reported filing.
EIN: 132658548 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $56.0M |
| Total Expenses | $48.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $48 |
| Net Assets | $-4,782,426 |
| Transparency Score | 85/100 |
Is Lutheran Social Services Of Metropolitan New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Social Services Of Metropolitan New York Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Social Services Of Metropolitan New York Inc
Lutheran Social Services Of Metropolitan New York Inc (EIN: 132658548) is a nonprofit organization based in New York, NY. The organization reported total revenue of $56.0M and total assets of $42.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Social Services Of Metropolitan New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Social Services Of Metropolitan New York Inc is a major nonprofit that has been operating for 63 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.6M |
| Total Expenses | $48.9M |
| Surplus / Deficit | $-247,756 |
| Total Assets | $31.5M |
| Total Liabilities | $36.3M |
| Net Assets | $-4,782,426 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 115.2% |
| Months of Reserves | 7.7 months |
Financial Health Grade: C
In 2023, Lutheran Social Services Of Metropolitan New York Inc reported a deficit of $248K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 115.2% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lutheran Social Services Of Metropolitan New York Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lutheran Social Services Of Metropolitan New York Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.2%.
Executive Compensation Analysis
The 202306 filing indicates 0% officer compensation, which is highly favorable and suggests that executive pay is not a significant drain on organizational resources, especially for an organization with over $48 million in expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lutheran Social Services Of Metropolitan New York Inc's IRS 990 filings:
- Minor operating deficit in 202306 filing (expenses $48,877,935 vs. revenue $48,630,179)
Strengths
The following positive indicators were identified for Lutheran Social Services Of Metropolitan New York Inc:
- Significant and growing asset base ($41,964,685)
- Reported 0% officer compensation in 202306 filing, indicating strong financial stewardship regarding executive pay
- Substantial revenue ($55,952,546) demonstrating capacity for large-scale operations
Frequently Asked Questions about Lutheran Social Services Of Metropolitan New York Inc
Is Lutheran Social Services Of Metropolitan New York Inc a legitimate charity?
Lutheran Social Services Of Metropolitan New York Inc (EIN: 132658548) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. Total revenue: $56.0M. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Lutheran Social Services Of Metropolitan New York Inc spend its money?
Lutheran Social Services Of Metropolitan New York Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lutheran Social Services Of Metropolitan New York Inc tax-deductible?
Lutheran Social Services Of Metropolitan New York Inc is registered as a tax-exempt nonprofit (EIN: 132658548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lutheran Social Services Of Metropolitan New York Inc CEO make?
Lutheran Social Services Of Metropolitan New York Inc's highest-compensated officer earns $48 annually. The organization reported $56.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lutheran Social Services Of Metropolitan New York Inc's spending goes to programs?
Lutheran Social Services Of Metropolitan New York Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lutheran Social Services Of Metropolitan New York Inc located?
Lutheran Social Services Of Metropolitan New York Inc is headquartered in New York, New York and files with the IRS under EIN 132658548.
Is Lutheran Social Services Of Metropolitan New York Inc a good charity?
Based on the available data, LSSNY appears to be a good charity. It has substantial revenue ($55,952,546), a growing asset base ($41,964,685), and reported 0% officer compensation in its latest filing, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
How does LSSNY manage its finances given the operating deficit in 202306?
While the 202306 filing showed expenses ($48,877,935) slightly exceeding revenue ($48,630,179), this minor deficit could be covered by reserves or offset by other revenue streams not captured in that specific period's operating revenue. The overall increase in assets from $31,537,260 to $41,964,685 suggests effective long-term financial management.
Filing History
IRS 990 filing history for Lutheran Social Services Of Metropolitan New York Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lutheran Social Services Of Metropolitan New York Inc reported a deficit of $248K, with expenses exceeding revenue. The organization holds $36.3M in liabilities against $31.5M in assets (debt-to-asset ratio: 115.2%), resulting in net assets of $-4,782,426.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.6M | $48.9M | $31.5M | $36.3M | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Social Services Of Metropolitan New York Inc:
Data Sources and Methodology
This transparency report for Lutheran Social Services Of Metropolitan New York Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.