Lutheran School Corporation of Indiana Inc

Analysis

Lutheran School Corporation of Indiana Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2023, Lutheran School Corporation of Indiana Inc reported income of $447k and spending of $590k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $722k to $447k (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lutheran School Corporation of Indiana Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Gestalt Institute of Cleveland Inc ($447k), Charlotte Mason Association of Detroit ($447k) and Kingwood All Sports Booster Club Inc ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $350k. At year end it held assets of $230k against liabilities of $89k, net assets of $141k. It reported 14 employees.