Lumin Education

Analysis

Lumin Education is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Lumin Education reported income of $8.9m and spending of $7.5m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.2m to $8.9m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2021, when income rose by 71%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lumin Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Hollywood Schoolhouse Inc ($8.9m), Ethos Classical Inc ($8.9m) and Rochester Math & Science Academy ($8.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $287k (3.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $26.9m against liabilities of $184k, net assets of $26.7m. It reported 149 employees.