Lumen Christi Institute

Analysis

Lumen Christi Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Lumen Christi Institute reported income of $3.7m and spending of $3.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.7m (+161%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lumen Christi Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Farmhouse Foundation ($3.7m), Big Sky Bravery Foundation ($3.7m) and Southwestern Academy ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $214k (7.2% of expenses). Other salaries and wages came to $558k. At year end it held assets of $7.4m against liabilities of $3.6m, net assets of $3.8m. It reported 20 employees.