Luther Seminary Foundation

Analysis

Luther Seminary Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1993, 33 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 June 2023, Luther Seminary Foundation reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. The sharpest change came in the year to June 2022, when income dropped by 83%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luther Seminary Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Knollbrook Trust ($1.1m), Senior Citizens Council of Dickinson County ($1.1m) and Three Rivers Rowing Association ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $33.4m against liabilities of $1.3m, net assets of $32.1m.