Lutheran Legacy Foundation Inc

Analysis

Lutheran Legacy Foundation Inc is a registered charity in United States, based in Paris, IL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Legacy Foundation Inc reported income of $127k and spending of $1.5m, spending 1186% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.7m to $127k (-95%), an average of -64% a year. The sharpest change came in the year to June 2021, when income rose by 211%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lutheran Legacy Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include The Butterfly Foundation ($127k), King Ridge Foundation Inc ($127k) and Portraits of Hope Inc ($127k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 236% and program service revenue 286% of the total. Compensation of current officers, directors and key employees was $147k (9.7% of expenses). Other salaries and wages came to $59k. At year end it held assets of $64.2m against liabilities of $34.2m, net assets of $30.0m. It reported 4 employees.