The Lutheran University Association Inc

Analysis

The Lutheran University Association Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in December 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Lutheran University Association Inc reported income of $165.5m and spending of $189.1m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $191.6m to $165.5m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Lutheran University Association Inc 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 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Rhodes College ($165.4m), Gannon University ($166.0m) and Florida Southern College ($164.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.3m (1.7% of expenses). Other salaries and wages came to $43.4m. At year end it held assets of $612.5m against liabilities of $162.8m, net assets of $449.6m. It reported 2,216 employees.