United Lutheran Seminary Endowment Foundation

Analysis

United Lutheran Seminary Endowment Foundation is a registered charity in United States, based in Gettysburg, PA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Lutheran Seminary Endowment Foundation reported income of $2.8m and spending of $4.6m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.1m to $2.8m (-89%), an average of -43% a year. The sharpest change came in the year to June 2021, when income dropped by 73%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Lutheran Seminary Endowment Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Foundation for Tacoma Students ($2.8m), The Parkmont School Inc ($2.8m) and Regional Educational Media Center Association of Michigan ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $74.9m against liabilities of $0, net assets of $74.9m.