Waldorf Lutheran College Foundation Inc

Analysis

Waldorf Lutheran College Foundation Inc is a registered charity in United States, based in Forest City, IA. It received its IRS tax-exemption ruling in May 2011, 15 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 June 2023, Waldorf Lutheran College Foundation Inc reported income of $7.6m and spending of $766k, leaving 90% of income unspent that year. Across the 5 years on record, from May 2020 to June 2023, income grew from $366k to $7.6m (+1984%), an average of +114% a year. The sharpest change came in the year to June 2023, when income rose by 990%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waldorf Lutheran College Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Legacy Preparatory Christian Academy ($7.6m), River Mill Academy ($7.6m) and Oak Grove School LLC ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $16k. At year end it held assets of $13.1m against liabilities of $58k, net assets of $13.0m.