Luster Learning Institute NFP

Analysis

Luster Learning Institute NFP is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, Luster Learning Institute NFP reported income of $849k and spending of $1.1m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $849k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luster Learning Institute NFP sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Great Commission University Inc ($849k), Las Positas College Foundation ($849k) and US Friends of the Van Leer Jerusalem Institute ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $152k (14% of expenses). Other salaries and wages came to $668k. At year end it held assets of $1.3m against liabilities of $24k, net assets of $1.3m. It reported 9 employees.