Lutheran Education Foundation

Analysis

Lutheran Education Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in December 2002, 24 years ago. 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 June 2023, Lutheran Education Foundation reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $937k to $2.4m (+155%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Education Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Commonwealth Cancer Consortium Inc ($2.4m), Woodland Child Development Center Inc ($2.4m) and Habitat for Humanity International Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $123k. It paid $79k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $17k, net assets of $3.5m.