Lutheran College Washington Consortium

Analysis

Lutheran College Washington Consortium is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lutheran College Washington Consortium reported income of $1.3m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.3m to $1.3m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to May 2021, when income dropped by 43%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lutheran College Washington Consortium sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Glades Academy Foundation Inc ($1.3m), Telos Academy LLC ($1.3m) and Hajoca 3025 Inc ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $166k (12% of expenses). Other salaries and wages came to $176k. At year end it held assets of $3.9m against liabilities of $292k, net assets of $3.6m. It reported 4 employees.

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.