Title: Lutheran Services in America Tops NonProfit Times 100
ELCA NEWS SERVICE
November 1, 2001
LUTHERAN SERVICES IN AMERICA TOPS NONPROFIT TIMES 100
01-275-FI
CHICAGO (ELCA) -- For the second year in a row, Lutheran Services
in America (LSA) has topped The NonProfit Times' list of 100 largest
organizations. The publication released the "NPT 100" Nov.1, saying LSA
also headed the list of organizations posting a financial increase this
year, with an 87.5 percent rise over the previous year.
LSA is the largest human service network in the United States and
Caribbean. Its nearly 300 social ministry organizations, in alliance
with the Evangelical Lutheran Church in America and The Lutheran
Church-Missouri Synod, form a national network of hospital, social
service and long-term care programs, providing $6.9 billion in services
in 3,000 communities each year.
In an article written by senior writer Matthew Sinclair, the
NonProfit Times said it is rare that any of its top 100 organizations
post more than a 50 percent increase over the previous year. LSA showed
financial resources of $3.7 billion in fiscal year 1998.
The NonProfit Times rating for LSA in 2001 is based on data from
the organization's 1999 fiscal year, which was the latest information
available at the time of the publication's survey. By the end of
December 1999, LSA had already tabulated more than $6.5 billion in total
expenses for the year.
Sinclair quoted Jill Schumann, LSA's president and CEO. She
credited a larger number of Lutheran hospitals reporting in 1999 than in
1998 for nearly doubling dollar totals.
"More than just the first organization to raise more than $4
billion in one fiscal year, LSA's nearly $7 billion left them firmly
ensconced at the top spot. It also was the rocket fuel that pushed the
NPT 100 totals to more than $49 billion, or an average of nearly $500
million per organization," Sinclair wrote.
Altogether the 100 organizations on the list showed a total 19
percent increase in revenue over their performance in the previous
fiscal year, he wrote. Without figuring LSA's growth in the formula,
"the other 99 organizations showed 12.4 percent growth in total
revenues."
"To be included in the NPT 100, nonprofits must raise at least 10
percent of total revenue from public sources," wrote Sinclair.
"Organizations must, therefore, derive less than 90 percent of revenue
from program services, government grants, investments, etc."
Among LSA's sources of income, the NonProfit Times listed $710
million or about 10.28 percent from public support. It received $3.28
billion from program services, $2.68 billion from government sources and
$241 million from investments. LSA's expenses were reported as $5.83
billion for programs, $657 million for administration and $17 million
for fund-raising.
Other organizations in the publication's top 10 were the National
Council of YMCAs, United Jewish Communities, Salvation Army, American
Red Cross, Catholic Charities USA, Goodwill Industries International,
Fidelity Investments Charitable Gift Fund, Boys & Girls Clubs of America
and American Cancer Society, Inc.
LSA is in the process of moving its central offices from St. Paul,
Minn., to Baltimore.
-- -- --
The NonProfit Times home page is at http://www.nptimes.com/ on the
Web. Lutheran Services in America is at
http://www.lutheranservices.org/ on the Web.
For information contact:
John Brooks, Director (773) 380-2958 or [log in to unmask]
http://listserv.elca.org/archives/elcanews.html
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