South Central Lutheran Association for Secondary Education Inc

Analysis

South Central Lutheran Association for Secondary Education Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, South Central Lutheran Association for Secondary Education Inc reported income of $2.4m and spending of $2.4m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.7m to $2.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to July 2020, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Central Lutheran Association for Secondary Education Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include North American Coalition for Christian Admissions Professionals ($2.4m), Faith Evangelical Lutheran Seminary ($2.4m) and Panola School ($2.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $128k (5.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.7m against liabilities of $691k, net assets of $5.0m. It reported 39 employees.