Lutheran High School Association of the Greater Sheboygan Area Inc

Analysis

Lutheran High School Association of the Greater Sheboygan Area Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lutheran High School Association of the Greater Sheboygan Area Inc reported income of $3.7m and spending of $4.2m, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.0m to $3.7m (-8.5%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 39%. 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, Lutheran High School Association of the Greater Sheboygan Area Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Pathways in Education-Louisiana Inc ($3.7m), Stellar Leadership Academy Inc ($3.7m) and Northern Kentucky University Research Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $86k (2.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $21.2m against liabilities of $5.6m, net assets of $15.7m. It reported 67 employees.