Luther Academy

Analysis

Luther Academy is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luther Academy reported income of $179k and spending of $191k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $210k to $179k (-15%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Luther Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include I-Kuan Tao USA ($179k), Alameda Muslim League ($179k) and Mosaic Center for Spiritual Formation ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $134k against liabilities of $67k, net assets of $67k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.