Lutheran Bible Translators Inc

Analysis

Lutheran Bible Translators Inc is a registered charity in United States, based in Concordia, MO. It received its IRS tax-exemption ruling in May 1969, 57 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, Lutheran Bible Translators Inc reported income of $7.3m and spending of $7.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $7.3m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lutheran Bible Translators Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include International Fellowship of Evangelical Students USA Inc ($7.3m), International Christian Embassy Jerusalem ($7.3m) and Florida Methodist Foundation Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $162k (2.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $16.6m against liabilities of $349k, net assets of $16.2m. It reported 49 employees.