Luther Classical College

Analysis

Luther Classical College is a registered charity in United States, based in Casper, WY. It received its IRS tax-exemption ruling in November 2021, 5 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 December 2023, Luther Classical College reported income of $2.0m and spending of $735k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $2.0m (+1664%), an average of +320% a year. The sharpest change came in the year to December 2022, when income rose by 465%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luther Classical College sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 91st percentile within WY. Charities of a similar size with the same main cause include Escuela Comunitaria Del Bronx Bronx Community School Inc ($2.0m), Our House Community Investment Corporation ($2.0m) and Florida College System Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $153k. It paid $272k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $65k, net assets of $1.7m. It reported 4 employees.