Lumen Scholar Institute

Analysis

Lumen Scholar Institute is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lumen Scholar Institute reported income of $3.9m and spending of $4.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lumen Scholar Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include Discovery Charter Prep School ($3.9m), Capital Village Schools ($3.9m) and Duke Janjun Services Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. At year end it held assets of $2.4m against liabilities of $625k, net assets of $1.7m.