Rockford Lutheran Schools Foundation

Analysis

Rockford Lutheran Schools Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rockford Lutheran Schools Foundation reported income of $70k and spending of $177k, spending 252% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $495k to $70k (-86%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockford Lutheran Schools Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Parent Booster USA Inc ($70k), Missionsquare Retirement Memorial Scholarship Fund ($70k) and Nitroaa ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.