Lutheran Legacy Foundation Inc
Lutheran Legacy Foundation Inc. shows significant asset growth despite highly variable annual revenues and expenses.
EIN: 203142622 · Paris, IL · NTEE: T31 · Updated: 2026-03-28
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
13 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
80% program spend, health grade C
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| Net Assets | $30.0M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Lutheran Legacy Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lutheran Legacy Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lutheran Legacy Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $127K and expenses of $1.5M.
Revenue and Expenses
Lutheran Legacy Foundation Inc reported $127K in revenue and $1.5M in expenses, a deficit of $1.4M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Lutheran Legacy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.2M (80%) |
Across stored filings, Lutheran Legacy Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Shorefront →All Illinois nonprofits
All Philanthropy
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Paris, IL nonprofitsPhilanthropy in Illinois
Public Benefit in Illinois
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Philanthropy spending
Best Philanthropy charities in Illinois
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Jcpe Investments N F P
Peoria, IL · $5.1M revenue · Score 95/100
Compare side-by-sideAsian Human Services Family Health Center Inc
Chicago, IL · $16.4M revenue · Score 92/100
Compare side-by-sideChicago Tap Theatre Nfp
Chicago, IL · $391K revenue · Score 92/100
Compare side-by-sidePreservation Chicago Nfp
Chicago, IL · $1.8M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Lutheran Legacy Foundation Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Lutheran Legacy Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Legacy Foundation Inc
Lutheran Legacy Foundation Inc (EIN: 203142622) is a nonprofit organization based in Paris, IL, classified under NTEE code T31. The organization reported total revenue of $14.2M and total assets of $84.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Legacy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Legacy Foundation Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-1,378,366 |
| Total Assets | $64.2M |
| Total Liabilities | $34.2M |
| Net Assets | $30.0M |
| Operating Margin | -1085.8% |
| Debt-to-Asset Ratio | 53.3% |
| Months of Reserves | 511.4 months |
Financial Health Grade: C
In 2023, Lutheran Legacy Foundation Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 511.4 months of operating reserves (strong position), has a debt-to-asset ratio of 53.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Legacy Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.9% | -12.1% | +13.8% |
| 2022 | -63.3% | +24.9% | -11.4% |
| 2021 | +211.1% | +36.6% | +33.3% |
| 2020 | +41.9% | -8.7% | +7.8% |
| 2019 | +39.0% | -8.3% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lutheran Legacy Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lutheran Legacy Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Lutheran Legacy Foundation Inc's IRS 990 filings:
- Highly variable annual revenue and expenses, making consistent operational planning challenging.
- Significant liabilities (e.g., $34,186,394 in 2023) without clear context on their nature.
Strengths
The following positive indicators were identified for Lutheran Legacy Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Substantial and consistent growth in assets over the past decade, from $35M to $84M, demonstrating strong financial stewardship.
- NTEE code T31 (Foundations) aligns with the asset-heavy, endowment-focused financial profile.
Frequently Asked Questions about Lutheran Legacy Foundation Inc
Is Lutheran Legacy Foundation Inc a legitimate charity?
Lutheran Legacy Foundation Inc (EIN: 203142622) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.2M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lutheran Legacy Foundation Inc spend its money?
Lutheran Legacy Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lutheran Legacy Foundation Inc tax-deductible?
Lutheran Legacy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203142622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lutheran Legacy Foundation Inc's spending goes to programs?
Lutheran Legacy Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lutheran Legacy Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lutheran Legacy Foundation Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lutheran Legacy Foundation Inc located?
Lutheran Legacy Foundation Inc is headquartered in Paris, Illinois and files with the IRS under EIN 203142622. It is classified under NTEE code T31.
How many years of IRS 990 filings does Lutheran Legacy Foundation Inc have?
Lutheran Legacy Foundation 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 $14.2M in total revenue.
What is the nature of the significant liabilities reported by the organization?
The liabilities, such as $34,186,394 in 2023, are substantial relative to assets and warrant further investigation to understand if they are program-related (e.g., grants payable) or operational debts.
How does the organization manage its highly variable annual revenue and expenses?
The significant fluctuations, like $126,948 revenue in 2023 vs. $8,500,030 in 2021, suggest reliance on investment returns or large, infrequent contributions, requiring robust financial planning to ensure consistent mission delivery.
What percentage of total expenses is allocated to grants and distributions?
As a legacy foundation, a high percentage of expenses should ideally be directed towards grants and distributions to other organizations, which constitutes its primary program activity. This specific breakdown is not available in the provided summary data.
What is the source of the organization's substantial asset growth?
Assets have grown from $35,078,851 in 2014 to $84,835,040 currently, indicating successful investment strategies, significant contributions, or a combination thereof, which is crucial for a foundation's long-term sustainability.
Filing History
IRS 990 filing history for Lutheran Legacy Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Legacy Foundation Inc's revenue has declined by 91%, moving from $1.4M to $127K. Total assets increased by 153.4% over the same period, from $25.3M to $64.2M. Total functional expenses rose by 7.7%, from $1.4M to $1.5M. In its most recent filing year (2023), Lutheran Legacy Foundation Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $34.2M in liabilities against $64.2M in assets (debt-to-asset ratio: 53.3%), resulting in net assets of $30.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $1.5M | $64.2M | $34.2M | — | View 990 |
| 2022 | $3.1M | $1.7M | $56.4M | $28.9M | — | View 990 |
| 2021 | $8.5M | $1.4M | $63.7M | $30.8M | — | View 990 |
| 2020 | $2.7M | $1.0M | $47.8M | $22.4M | — | View 990 |
| 2019 | $1.9M | $1.1M | $44.3M | $19.9M | — | View 990 |
| 2018 | $1.4M | $1.2M | $43.3M | $19.5M | — | View 990 |
| 2017 | $677K | $1.2M | $39.7M | $17.4M | — | View 990 |
| 2016 | $2.0M | $1.4M | $33.8M | $14.1M | — | View 990 |
| 2015 | $818K | $1.4M | $35.4M | $13.8M | — | View 990 |
| 2014 | $2.6M | $1.7M | $35.1M | $11.9M | — | View 990 |
| 2013 | $1.5M | $1.9M | $29.6M | $8.2M | — | View 990 |
| 2012 | $828K | $1.5M | $26.4M | $5.7M | — | View 990 |
| 2011 | $1.4M | $1.4M | $25.3M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $1.5M, and assets of $64.2M (revenue -95.9% year-over-year).
- 2022: Revenue of $3.1M, expenses of $1.7M, and assets of $56.4M (revenue -63.3% year-over-year).
- 2021: Revenue of $8.5M, expenses of $1.4M, and assets of $63.7M (revenue +211.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $1.0M, and assets of $47.8M (revenue +41.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.1M, and assets of $44.3M (revenue +39.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $43.3M (revenue +104.6% year-over-year).
- 2017: Revenue of $677K, expenses of $1.2M, and assets of $39.7M (revenue -65.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.4M, and assets of $33.8M (revenue +141.5% year-over-year).
- 2015: Revenue of $818K, expenses of $1.4M, and assets of $35.4M (revenue -68.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.7M, and assets of $35.1M (revenue +73.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $29.6M (revenue +80.0% year-over-year).
- 2012: Revenue of $828K, expenses of $1.5M, and assets of $26.4M (revenue -41.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $25.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Legacy Foundation Inc:
Data Sources and Methodology
This transparency report for Lutheran Legacy Foundation 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.