Texas Lutheran University

Analysis

Texas Lutheran University is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Texas Lutheran University reported income of $65.6m and spending of $69.9m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $59.6m to $65.6m (+10%), an average of +2.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Lutheran University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Clinical & Support Options Inc ($65.5m), Citizens Medical Center Inc Employee Benefit TR ($65.8m) and Adventist Glenoaks Hospital ($65.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.5m (2.1% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $168.6m against liabilities of $37.9m, net assets of $130.7m. It reported 834 employees.