Lutheran Church of the Good Shepherd of Duluth Endowment Fund

Analysis

Lutheran Church of the Good Shepherd of Duluth Endowment Fund is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lutheran Church of the Good Shepherd of Duluth Endowment Fund reported income of $90k and spending of $72k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $90k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Church of the Good Shepherd of Duluth Endowment Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Whitetails Unlimited Inc ($90k), St Stephens Endowment Fund ($90k) and Mill Creek Cooperative Preschool ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.