Institute Of Lutheran Theology
EIN: 261251815 · Brookings, SD · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Net Assets | $2.9M |
Is Institute Of Lutheran Theology Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Institute Of Lutheran Theology
Institute Of Lutheran Theology (EIN: 261251815) is a nonprofit organization based in Brookings, SD, classified under NTEE code X20. The organization reported total revenue of $1.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Lutheran Theology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Lutheran Theology is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$68K |
| Total Assets | $3.3M |
| Total Liabilities | $319K |
| Net Assets | $2.9M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 22.9 months |
Financial Health Grade: A
In 2023, Institute Of Lutheran Theology reported a surplus of $68K with revenue exceeding expenses, holds 22.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Institute Of Lutheran Theology's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +3.3% | +3.6% |
| 2022 | -49.0% | +29.9% | -20.9% |
| 2021 | +123.4% | +11.8% | +74.9% |
| 2020 | +39.3% | +13.2% | +33.7% |
| 2019 | +3.0% | +14.8% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Institute Of Lutheran Theology has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute Of Lutheran Theology with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Frequently Asked Questions about Institute Of Lutheran Theology
Is Institute Of Lutheran Theology a legitimate charity?
Institute Of Lutheran Theology (EIN: 261251815) is a registered tax-exempt nonprofit based in South Dakota. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: A.
How does Institute Of Lutheran Theology spend its money?
Institute Of Lutheran Theology reported $1.9M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Institute Of Lutheran Theology tax-deductible?
Institute Of Lutheran Theology is registered as a tax-exempt nonprofit (EIN: 261251815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Institute Of Lutheran Theology located?
Institute Of Lutheran Theology is headquartered in Brookings, South Dakota and files with the IRS under EIN 261251815. It is classified under NTEE code X20.
How many years of IRS 990 filings does Institute Of Lutheran Theology have?
Institute Of Lutheran Theology has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Institute Of Lutheran Theology showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Institute Of Lutheran Theology's revenue has grown by 494.2%, moving from $299K to $1.8M. Total assets increased by 4134% over the same period, from $77K to $3.3M. Total functional expenses rose by 547.8%, from $264K to $1.7M. In its most recent filing year (2023), Institute Of Lutheran Theology reported a surplus of $68K, with revenue exceeding expenses. The organization holds $319K in liabilities against $3.3M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.7M | $3.3M | $319K | — | View 990 |
| 2022 | $1.6M | $1.7M | $3.1M | $273K | — | View 990 |
| 2021 | $3.2M | $1.3M | $4.0M | $778K | — | View 990 |
| 2020 | $1.4M | $1.1M | $2.3M | $967K | — | View 990 |
| 2019 | $1.0M | $1.0M | $1.7M | $673K | — | View 990 |
| 2018 | $987K | $876K | $1.7M | $694K | — | View 990 |
| 2017 | $989K | $1.1M | $1.8M | $858K | — | View 990 |
| 2016 | $1.2M | $1.1M | $1.8M | $774K | — | View 990 |
| 2015 | $417K | $336K | $957K | $39K | — | View 990 |
| 2014 | $969K | $1.0M | $890K | $53K | — | View 990 |
| 2013 | $940K | $781K | $961K | $92K | — | View 990 |
| 2012 | $590K | $558K | $219K | $9K | — | View 990 |
| 2011 | $656K | $418K | $307K | $3K | — | View 990 |
| 2010 | $299K | $264K | $77K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $3.3M (revenue +10.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $3.1M (revenue -49.0% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.3M, and assets of $4.0M (revenue +123.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.1M, and assets of $2.3M (revenue +39.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $1.7M (revenue +3.0% year-over-year).
- 2018: Revenue of $987K, expenses of $876K, and assets of $1.7M (revenue -0.2% year-over-year).
- 2017: Revenue of $989K, expenses of $1.1M, and assets of $1.8M (revenue -17.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $1.8M (revenue +188.2% year-over-year).
- 2015: Revenue of $417K, expenses of $336K, and assets of $957K (revenue -57.0% year-over-year).
- 2014: Revenue of $969K, expenses of $1.0M, and assets of $890K (revenue +3.1% year-over-year).
- 2013: Revenue of $940K, expenses of $781K, and assets of $961K (revenue +59.5% year-over-year).
- 2012: Revenue of $590K, expenses of $558K, and assets of $219K (revenue -10.1% year-over-year).
- 2011: Revenue of $656K, expenses of $418K, and assets of $307K (revenue +119.5% year-over-year).
- 2010: Revenue of $299K, expenses of $264K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Lutheran Theology:
Data Sources and Methodology
This transparency report for Institute Of Lutheran Theology is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.