Luther Classical College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 110,797 | 20,436 | 90,361 | 53.1 | — |
| 2022 | 625,595 | 238,379 | 387,216 | 24.0 | 32% |
| 2023 | 1,954,653 | 735,392 | 1,219,261 | 27.8 | 21% |
In its most recent public year (2023), this organization brought in $1,219,261 more than it spent. Its reserves stood at about 27.8 months of spending, down from 53.1 in 2021. Staff pay was 21% of spending. $431,617 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
Luther Classical College's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works