Lutheran School Corporation Of Indiana Inc
EIN: 811395771 · Gary, IN · NTEE: B20
About Lutheran School Corporation Of Indiana Inc
Lutheran School Corporation Of Indiana Inc (EIN: 811395771) is a nonprofit organization based in Gary, IN, classified under NTEE code B20. The organization reported total revenue of $544K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran School Corporation Of Indiana Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Lutheran School Corporation Of Indiana Inc 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 Lutheran School Corporation Of Indiana Inc 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.
Filing History
IRS 990 filing history for Lutheran School Corporation Of Indiana Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2023), Lutheran School Corporation Of Indiana Inc's revenue has grown by 696.4%, moving from $56K to $447K. Total assets increased by 1424.4% over the same period, from $15K to $230K. Total functional expenses rose by 1338%, from $41K to $590K. In its most recent filing year (2023), Lutheran School Corporation Of Indiana Inc reported a deficit of $143K, with expenses exceeding revenue. The organization holds $89K in liabilities against $230K in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $141K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $447K | $590K | $230K | $89K | — | — |
| 2022 | $493K | $500K | $309K | $26K | — | View 990 |
| 2021 | $474K | $399K | $371K | $78K | — | — |
| 2020 | $299K | $430K | $287K | $72K | — | View 990 |
| 2019 | $722K | $351K | $364K | $19K | — | View 990 |
| 2018 | $188K | $211K | $2K | $30K | — | View 990 |
| 2016 | $56K | $41K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $447K, expenses of $590K, and assets of $230K (revenue -9.4% year-over-year).
- 2022: Revenue of $493K, expenses of $500K, and assets of $309K (revenue +4.1% year-over-year).
- 2021: Revenue of $474K, expenses of $399K, and assets of $371K (revenue +58.5% year-over-year).
- 2020: Revenue of $299K, expenses of $430K, and assets of $287K (revenue -58.6% year-over-year).
- 2019: Revenue of $722K, expenses of $351K, and assets of $364K (revenue +285.0% year-over-year).
- 2018: Revenue of $188K, expenses of $211K, and assets of $2K (revenue +234.3% year-over-year).
- 2016: Revenue of $56K, expenses of $41K, and assets of $15K.
Data Sources and Methodology
This transparency report for Lutheran School Corporation Of Indiana 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.