Lutheran Education Association of Houston

Analysis

Lutheran Education Association of Houston is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in January 1947, 79 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 June 2023, Lutheran Education Association of Houston reported income of $24.6m and spending of $24.1m, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $24.4m to $24.6m (+0.7%), an average of +0.7% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Education Association of Houston sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include American Institute of Aeronautics and Astronautics ($24.6m), Dale Rogers Training Center Inc ($24.6m) and University of Maryland Anesthesiology Associates P a ($24.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $397k (1.6% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $34.4m against liabilities of $18.1m, net assets of $16.3m. It reported 363 employees.