Topeka Lutheran School Foundation Inc

Analysis

Topeka Lutheran School Foundation Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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 December 2023, Topeka Lutheran School Foundation Inc reported income of $361k and spending of $83k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $361k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 1371%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Topeka Lutheran School Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KS. Charities of a similar size with the same main cause include Metro Technology Centers Foundation Inc ($361k), Lake County Historical Society ($361k) and Palmetto Association for Children and Families ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.