Inter-lutheran Theological Seminary is a 501(c)(3) organization based in Hancock, Michigan, registered in 1985, with $293,834 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$294K
▲ 11.9% vs prior year
Religion median: $139K
Expenses (FY2024)
$240K
Net assets
$839K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Inter-lutheran Theological Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Inter-lutheran Theological Seminary: 42 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Inter-lutheran Theological Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Inter-lutheran Theological Seminary: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $161K (FY2018) to $294K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
18.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$839K
Total liabilities
$0
Net assets
$839K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $293,834▲11.9% | $239,505▲26.8% | $839,359▲8.1% | $839,359▲8.1% | 990 |
| 2023 | $262,476▼5.7% | $188,847▲5.9% | $776,622▲11.2% | $776,622▲11.2% | 990 |
| 2022 | $278,338▲36.0% | $178,358▲8.6% | $698,423▲15.2% | $698,586▲15.2% | 990 |
| 2021 | $204,673▼1.9% | $164,162▼1.3% | $606,518▲7.8% | $606,672▲7.8% | 990 |
| 2020 | $208,601▼34.1% | $166,396▲6.7% | $562,769▲8.9% | $562,923▲8.9% | 990 |
| 2019 | $316,528▲96.5% | $155,927▲6.2% | $516,830▲59.3% | $516,962▲59.3% | 990 |
| 2018 | $161,106 | $146,841 | $324,447 | $324,590 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Inter-lutheran Theological Seminary totaling $13K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2023 | $6,505 |
| Network For Good Inc | Unrestricted | 2022 | $6,619 |
Explore more
Data for Inter-lutheran Theological Seminary (EIN 41-0918317) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.