Lutheran Heritage Foundation

Analysis

Lutheran Heritage Foundation is a registered charity in United States, based in Macomb, MI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lutheran Heritage Foundation reported income of $2.6m and spending of $3.7m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.6m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lutheran Heritage Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Mariavision US Inc ($2.6m), Zions Hope Inc ($2.6m) and Ashtalakshmi Temple ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $192k (5.3% of expenses). Other salaries and wages came to $540k. At year end it held assets of $9.5m against liabilities of $185k, net assets of $9.3m. It reported 14 employees.