Wisconsin Lutheran College

Analysis

Wisconsin Lutheran College is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 1966, 60 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wisconsin Lutheran College reported income of $51.3m and spending of $52.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $52.6m to $51.3m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Lutheran College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Homefirst Services of Santa Clara County ($51.2m), University Settlement Society of New York ($51.4m) and Cabrini of Westchester ($51.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (2.1% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $136.1m against liabilities of $59.9m, net assets of $76.2m. It reported 858 employees.