Luther Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 165,801 | 253,120 | −87,319 | 32.1 | 0% |
| 2011 | 169,478 | 281,386 | −111,908 | 24.1 | 0% |
| 2012 | 176,988 | 295,543 | −118,555 | 18.1 | 0% |
| 2013 | 215,490 | 284,997 | −69,507 | 15.9 | 0% |
| 2014 | 275,536 | 315,707 | −40,171 | 12.8 | 0% |
| 2015 | 278,216 | 330,618 | −52,402 | 11.1 | 0% |
| 2016 | 270,237 | 319,563 | −49,326 | 8.9 | 0% |
| 2017 | 192,607 | 252,881 | −60,274 | 0.0 | 0% |
| 2018 | 161,473 | 218,089 | −56,616 | 6.3 | 0% |
| 2019 | 210,043 | 240,335 | −30,292 | 4.1 | 0% |
| 2020 | 163,829 | 173,132 | −9,303 | 5.1 | — |
| 2021 | 172,466 | 156,811 | 15,655 | 6.8 | — |
| 2022 | 163,034 | 173,014 | −9,980 | 5.5 | — |
| 2023 | 179,135 | 190,668 | −11,533 | 4.2 | — |
In its most recent public year (2023), this organization spent $11,533 more than it brought in. Its reserves stood at about 4.2 months of spending, down from 32.1 in 2010.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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