Lutheran Scholarship Granting Organization of Indiana Inc

Analysis

Lutheran Scholarship Granting Organization of Indiana Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Scholarship Granting Organization of Indiana Inc reported income of $4.9m and spending of $3.7m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $4.9m (+67%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lutheran Scholarship Granting Organization of Indiana Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include United Way of Northern Utah ($4.9m), United Way and Community Foundation of Greater Fort Dodge ($4.9m) and Csusb Philanthropic Foundation ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.3m against liabilities of $151k, net assets of $5.2m.