Chicagoland Lutheran Educational Foundation

Analysis

Chicagoland Lutheran Educational Foundation is a registered charity in United States, based in Bensenville, IL. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Chicagoland Lutheran Educational Foundation reported income of $4.7m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $4.7m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicagoland Lutheran Educational Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Great Work Inc ($4.7m), Yeshivas Kesser Yonah ($4.7m) and Menomini You Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $221k (4.6% of expenses). Other salaries and wages came to $525k. At year end it held assets of $5.4m against liabilities of $212k, net assets of $5.2m. It reported 10 employees.