Luther College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 123,520,374 | 124,786,418 | −1,266,044 | 23.4 | 24% |
| 2021 | 125,968,312 | 116,831,135 | 9,137,177 | 29.3 | 24% |
| 2022 | 119,959,066 | 119,535,194 | 423,872 | 27.7 | 23% |
| 2023 | 113,226,481 | 120,386,714 | −7,160,233 | 26.6 | 23% |
In its most recent public year (2023), this organization spent $7,160,233 more than it brought in. Its reserves stood at about 26.6 months of spending, up from 23.4 in 2020. Staff pay was 23% of spending. $182,268,585 of its net assets are donor-restricted.
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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