Iowa Lutheran School Tuitionorganization Inc
Iowa Lutheran School Tuitionorganization Inc maintains zero liabilities despite fluctuating revenues and occasional operating deficits.
EIN: 205778971 · Terril, IA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $572K |
| Total Expenses | $879K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Iowa Lutheran School Tuitionorganization Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Lutheran School Tuitionorganization Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Lutheran School Tuitionorganization Inc
Iowa Lutheran School Tuitionorganization Inc (EIN: 205778971) is a nonprofit organization based in Terril, IA, classified under NTEE code B82. The organization reported total revenue of $572K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Lutheran School Tuitionorganization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Lutheran School Tuitionorganization Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $879K |
| Surplus / Deficit | $-252,807 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -40.4% |
| Months of Reserves | 16.0 months |
Financial Health Grade: B
In 2023, Iowa Lutheran School Tuitionorganization Inc reported a deficit of $253K with expenses exceeding revenue, holds 16.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Iowa Lutheran School Tuitionorganization Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.4% | +6.4% | -13.9% |
| 2022 | +7.0% | +12.4% | +0.3% |
| 2021 | -28.6% | +42.3% | +9.5% |
| 2020 | +129.0% | -36.0% | +148.4% |
| 2019 | -32.1% | -4.5% | -32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iowa Lutheran School Tuitionorganization Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Iowa Lutheran School Tuitionorganization Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through non-officer channels, which is highly efficient for an organization with assets over $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Iowa Lutheran School Tuitionorganization Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($878,592 expenses vs. $625,785 revenue), indicating an operating deficit for that period.
- Significant fluctuation in annual revenue, making future financial projections less predictable.
Strengths
The following positive indicators were identified for Iowa Lutheran School Tuitionorganization Inc:
- Consistently reports $0 in liabilities across all 13 filings, indicating excellent financial stability and no debt.
- Reports 0% officer compensation, suggesting a highly efficient use of funds and potentially volunteer leadership.
- Maintains a strong asset base, consistently over $1 million in recent years.
- Consistent filing of IRS 990s over 13 periods demonstrates strong transparency and accountability.
Frequently Asked Questions about Iowa Lutheran School Tuitionorganization Inc
Is Iowa Lutheran School Tuitionorganization Inc a legitimate charity?
Iowa Lutheran School Tuitionorganization Inc (EIN: 205778971) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $572K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Iowa Lutheran School Tuitionorganization Inc spend its money?
Iowa Lutheran School Tuitionorganization Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Iowa Lutheran School Tuitionorganization Inc tax-deductible?
Iowa Lutheran School Tuitionorganization Inc is registered as a tax-exempt nonprofit (EIN: 205778971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iowa Lutheran School Tuitionorganization Inc CEO make?
Iowa Lutheran School Tuitionorganization Inc's highest-compensated officer earns $1 annually. The organization reported $572K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iowa Lutheran School Tuitionorganization Inc's spending goes to programs?
Iowa Lutheran School Tuitionorganization Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iowa Lutheran School Tuitionorganization Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Iowa Lutheran School Tuitionorganization Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iowa Lutheran School Tuitionorganization Inc located?
Iowa Lutheran School Tuitionorganization Inc is headquartered in Terril, Iowa and files with the IRS under EIN 205778971. It is classified under NTEE code B82.
How many years of IRS 990 filings does Iowa Lutheran School Tuitionorganization Inc have?
Iowa Lutheran School Tuitionorganization Inc has 13 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 $572K in total revenue.
Is Iowa Lutheran School Tuitionorganization Inc a good charity?
Based on the available data, the organization appears to be a good charity. It consistently reports zero liabilities, indicating strong financial health, and has a history of no reported officer compensation, suggesting a high dedication of funds to its mission.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated, with a peak of $1,193,834 in 2020, but has seen a recent decline from $912,606 in 2022 to $625,785 in 2023.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating it operates debt-free.
What is the organization's asset base?
The organization has a strong asset base, consistently over $1 million in recent years, reaching $1,171,580 in 2023.
Filing History
IRS 990 filing history for Iowa Lutheran School Tuitionorganization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iowa Lutheran School Tuitionorganization Inc's revenue has grown by 24.4%, moving from $503K to $626K. Total assets increased by 137.1% over the same period, from $494K to $1.2M. Total functional expenses rose by 79%, from $491K to $879K. In its most recent filing year (2023), Iowa Lutheran School Tuitionorganization Inc reported a deficit of $253K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $879K | $1.2M | $0 | — | View 990 |
| 2022 | $913K | $826K | $1.4M | $0 | — | View 990 |
| 2021 | $853K | $735K | $1.4M | $0 | — | — |
| 2020 | $1.2M | $516K | $1.2M | $0 | — | View 990 |
| 2019 | $521K | $807K | $499K | $0 | — | View 990 |
| 2018 | $768K | $844K | $741K | $0 | — | View 990 |
| 2017 | $825K | $823K | $807K | $0 | — | View 990 |
| 2016 | $828K | $791K | $844K | $0 | — | View 990 |
| 2015 | $795K | $810K | $800K | $0 | — | View 990 |
| 2014 | $817K | $602K | $821K | $0 | — | View 990 |
| 2013 | $612K | $565K | $606K | $0 | — | View 990 |
| 2012 | $563K | $498K | $559K | $0 | — | View 990 |
| 2011 | $503K | $491K | $494K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $879K, and assets of $1.2M (revenue -31.4% year-over-year).
- 2022: Revenue of $913K, expenses of $826K, and assets of $1.4M (revenue +7.0% year-over-year).
- 2021: Revenue of $853K, expenses of $735K, and assets of $1.4M (revenue -28.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $516K, and assets of $1.2M (revenue +129.0% year-over-year).
- 2019: Revenue of $521K, expenses of $807K, and assets of $499K (revenue -32.1% year-over-year).
- 2018: Revenue of $768K, expenses of $844K, and assets of $741K (revenue -7.0% year-over-year).
- 2017: Revenue of $825K, expenses of $823K, and assets of $807K (revenue -0.4% year-over-year).
- 2016: Revenue of $828K, expenses of $791K, and assets of $844K (revenue +4.2% year-over-year).
- 2015: Revenue of $795K, expenses of $810K, and assets of $800K (revenue -2.8% year-over-year).
- 2014: Revenue of $817K, expenses of $602K, and assets of $821K (revenue +33.6% year-over-year).
- 2013: Revenue of $612K, expenses of $565K, and assets of $606K (revenue +8.6% year-over-year).
- 2012: Revenue of $563K, expenses of $498K, and assets of $559K (revenue +11.9% year-over-year).
- 2011: Revenue of $503K, expenses of $491K, and assets of $494K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Lutheran School Tuitionorganization Inc:
Data Sources and Methodology
This transparency report for Iowa Lutheran School Tuitionorganization Inc 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.