Trinity Lutheran Church Endowment Foundation Inc

Analysis

Trinity Lutheran Church Endowment Foundation Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Trinity Lutheran Church Endowment Foundation Inc reported income of $74k and spending of $115k, spending 155% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $72k to $74k (+3.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 175% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Trinity Lutheran Church Endowment Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 23rd percentile within SD. Charities of a similar size with the same main cause include Foundation for Human Advancement ($74k), Sunrise Evangelical Church ($74k) and Mission of Hope International ($74k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.