Michigan Lutheran Seminary Foundation

Analysis

Michigan Lutheran Seminary Foundation is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Michigan Lutheran Seminary Foundation reported income of $620k and spending of $459k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $483k to $620k (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Michigan Lutheran Seminary Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Tall Oaks ($619k), Calvary Evangelistic Mission Inc ($620k) and Christian Employers Alliance ($619k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.4m against liabilities of $561k, net assets of $1.9m. It reported 3 employees.