Lutheran Music Program

Analysis

Lutheran Music Program is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Lutheran Music Program reported income of $2.8m and spending of $1.5m, leaving 45% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $926k to $2.8m (+200%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 103%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Music Program sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Mike Silva Evangelism International Inc ($2.8m), Gordon State College Foundation Inc ($2.8m) and Fowler Christian Apartments Inc ($2.8m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 63% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $126k (8.3% of expenses). Other salaries and wages came to $217k. At year end it held assets of $4.8m against liabilities of $56k, net assets of $4.8m. It reported 5 employees.