Iowa Lutheran School Tuitionorganization Inc

Analysis

Iowa Lutheran School Tuitionorganization Inc is a registered charity in United States, based in Terril, IA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Iowa Lutheran School Tuitionorganization Inc reported income of $626k and spending of $879k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $626k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Lutheran School Tuitionorganization Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Touchdown Club of Oklahoma ($626k), Cleveland Kids Book Bank ($626k) and Ainesis Christian School of the Arts Inc ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.