Luis Palau Association

Analysis

Luis Palau Association is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luis Palau Association reported income of $16.1m and spending of $16.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $16.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Luis Palau Association 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 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Partnership for Southern Equity ($16.0m), Missions of Hope International ($16.1m) and Episcopal Church Foundation ($16.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.2m (7.4% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $15.9m against liabilities of $1.7m, net assets of $14.2m. It reported 53 employees.