Thrivent Financial For Lutherans
501(c)(8) Donations tax-deductible
100% goes to programs Strong reserves
Thrivent Financial For Lutherans is a 501(c)(8) organization based in Minneapolis, Minnesota, registered in 1965, with $11,798,685,276 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
600 Portland Avenue South, Minneapolis, MN, 55415 EIN 39-0123480 Since 1965
Revenue (FY2024)
$11.8B
▲ 10.9% vs prior year
Expenses (FY2024)
$11.2B
Net assets
$14.5B
Employees
8,385
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Thrivent Financial For Lutherans: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +5% margin
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 Thrivent Financial For Lutherans: 16 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Thrivent Financial For Lutherans: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Thrivent Financial For Lutherans: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Thrivent financial for lutherans is a fraternal benefit society operating under the lodge system and providing life, health, and other benefits to its members & dependents
What they do
Thrivent action teams is a volunteer program that offers a simple, flexible way for members to bring friends, families, neighbors, and other thrivent members together to make an immediate impact and strengthen their communities through service projects. in 2024, 115,848 individuals led 174,716 thrivent action teams around the country. these volunteer teams engaged nearly 2.2 million volunteers who together contributed 14.8 million hours of volunteer time and raised more than $228 million for communitites and causes nationwide.
The thrivent choice program crowd-sources generosity. members nomimate nonprofit organizations to be enrolled in the program. the nominated organizations are then reviewed and approved or rejected by the member leaders of thrivent's chapters. qualifying members can then request that thrivent support enrolled organizations with donations. thrivent choice also enables members and nonmembers alike to make fee-free online donations of their own money to enrolled organizations. in 2024, 244,805 thrivent members and 5,497 others participated in thrivent choice, with $33.5 million in funding distributed to 36,000 organizations.
Contact & location
- Address
- 600 Portland Avenue South, Minneapolis, MN, 55415
- City
- Minneapolis
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $9.0B (FY2013) to $11.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $103.4BNet assets $14.5B
Operating margin
5.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$118.0B
Total liabilities
$103.4B
Net assets
$14.5B
Salaries & benefits
$820.3M
7% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,798,685,276▲10.9% | $11,201,117,675▲10.6% | $14,528,108,421▲1.7% | $117,961,275,629▲3.9% | 990 |
| 2023 | $10,636,579,694▲3.4% | $10,123,126,946▲10.8% | $14,287,567,611▲3.8% | $113,534,975,998▲5.2% | 990 |
| 2022 | $10,282,948,737▼9.9% | $9,133,658,483▲3.2% | $13,767,956,796▲0.5% | $107,958,225,885▼6.6% | 990 |
| 2021 | $11,411,972,004▲23.8% | $8,849,883,063▲3.4% | $13,694,794,809▲28.0% | $115,568,692,144▲5.7% | 990 |
| 2020 | $9,215,966,710▼3.9% | $8,558,921,003▼0.4% | $10,698,405,575▲6.3% | $109,337,088,721▲8.6% | 990 |
| 2019 | $9,585,386,020▲0.3% | $8,595,754,017▲2.9% | $10,064,810,564▲10.2% | $100,652,305,618▲11.2% | 990 |
| 2018 | $9,556,874,782▲1.5% | $8,350,497,512▼6.2% | $9,129,599,364▲10.4% | $90,501,091,616▼0.5% | 990 |
| 2017 | $9,417,834,993▼1.8% | $8,901,198,410▼1.4% | $8,269,327,092▲7.0% | $90,967,341,073▲7.3% | 990 |
| 2016 | $9,587,415,035▼1.0% | $9,031,607,225▲1.4% | $7,725,613,923▲8.4% | $84,809,384,257▲5.9% | 990 |
| 2015 | $9,680,842,150▲2.2% | $8,910,541,696▲2.3% | $7,126,496,319▲9.8% | $80,110,687,476▲4.0% | 990 |
| 2014 | $9,475,129,863▲5.0% | $8,709,938,336▲4.7% | $6,492,586,166▲12.0% | $76,993,332,592▲6.7% | 990 |
| 2013 | $9,021,585,970 | $8,321,905,336▲0.5% | $5,797,909,666▲32.2% | $72,167,817,026▲5.5% | 990 |
| 2012 | — | $8,282,236,991▲2.5% | $4,385,929,095▲9.6% | $68,432,311,054▲9.9% | 990 |
| 2011 | — | $8,083,165,318▲3.1% | $4,003,470,784▼2.2% | $62,261,147,678▲5.1% | 990 |
| 2010 | — | $7,839,176,693 | $4,095,576,615 | $59,227,108,417 | 990 |
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.
Leadership & compensation (FY2024)
Highest-paid: Teresa Rasmussen — $11,703,049 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Teresa Rasmussen | Ceo | 55 | $11,703,049 |
| David Royal | Evp, Cfo | 55 | $5,820,522 |
| Mary Jane Fortin | Evp, Coo (former) | 0 | $5,787,096 |
| Paul Johnston | Evp, General Counsel | 55 | $4,227,282 |
| Eric Bilger | Financial Associate | 55 | $3,173,697 |
| Brian Anderson | Financial Associate | 55 | $2,636,042 |
| Ryan Eckhardt | Financial Associate | 55 | $1,460,553 |
| Jonathan Doering | Financial Associate | 55 | $1,299,687 |
| Matthew Molstre | Financial Associate | 55 | $1,129,489 |
| N Cornell Boggs | Chair of the Board | 12 | $391,000 |
| Bradford Creswell | Director | 10 | $268,750 |
| Eric Draut | Director | 10 | $268,750 |
| Kathryn Marinello | Director | 10 | $268,750 |
| Lynn Crump-caine | Director | 10 | $268,750 |
| Angela Rieger | Director | 10 | $243,750 |
| Brian Mcgrane | Director | 10 | $243,750 |
| Deborah Ackerman | Director | 10 | $243,750 |
| Jill Louis | Director | 10 | $243,750 |
| Kenneth Carow | Director | 10 | $243,750 |
| Nichole Pechet | Direcotr | 10 | $243,750 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Novus Media LLC | Marketing Consultant | $29,687,626 |
| Coforge Inc | It Contractor | $11,685,847 |
| Improving Minnesota LLC | Staffing | $9,328,746 |
| York Solutions | Staffing | $9,037,286 |
| Google Inc | Brand Marketing | $6,901,012 |
Grants received · $5.3M total
19 grants to Thrivent Financial For Lutherans totaling $5.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Thrivent Financial For Lutherans | General support | 2017 | $5,000,000 |
| Thrivent Financial For Lutherans | General support | 2017 | $29,400 |
| Thrivent Financial For Lutherans | General support | 2017 | $28,500 |
| Thrivent Financial For Lutherans | General support | 2017 | $26,800 |
| Thrivent Financial For Lutherans | General support | 2017 | $25,500 |
| Thrivent Financial For Lutherans | General support | 2017 | $23,600 |
| Thrivent Financial For Lutherans | General support | 2017 | $23,400 |
| Thrivent Financial For Lutherans | General support | 2017 | $20,000 |
| Thrivent Financial For Lutherans | General support | 2017 | $17,500 |
| Thrivent Financial For Lutherans | General support | 2017 | $16,400 |
| Thrivent Financial For Lutherans | General support | 2017 | $15,700 |
| Thrivent Financial For Lutherans | General support | 2017 | $15,000 |
| Thrivent Financial For Lutherans | General support | 2017 | $15,000 |
| Thrivent Financial For Lutherans | General support | 2017 | $11,700 |
| Thrivent Financial For Lutherans | General support | 2017 | $11,400 |
Grants made · $74.7M in FY2024
1,460 grants totaling $74.7M in FY2024 — showing the 15 largest. All grants made by Thrivent Financial For Lutherans →
| Recipient | Purpose | Amount |
|---|---|---|
| Thrivent Member Network | General support | $3,970,349 |
| Thrivent Member Network - Northland (435) | General support | $3,684,118 |
| Thrivent Member Network - South Wisconsin (523) | General support | $3,648,266 |
| Thrivent Member Network | General support | $3,454,289 |
| Thrivent Member Network | General support | $3,306,473 |
| Thrivent Member Network - Heartland (528) | General support | $2,797,162 |
| Thrivent Member Network - Twin Cities (283) | General support | $2,615,671 |
| Thrivent Member Network - Great Lakes (240) | General support | $2,473,809 |
| Thrivent Member Network - Kansas & Missouri (410 | General support | $2,404,345 |
| Thrivent Member Network - Mid-america (270) | General support | $2,235,052 |
| Thrivent Member Network | General support | $2,193,328 |
| Thrivent Member Network | General support | $2,046,349 |
| Thrivent Member Network - Southwest (529) | General support | $1,994,263 |
| Thrivent Member Network - Texas (475) | General support | $1,875,902 |
| Thrivent Member Network | General support | $1,870,407 |
Frequently asked questions
- Is Thrivent Financial For Lutherans a legitimate nonprofit?
- Yes. Thrivent Financial For Lutherans is a 501(c)(8) organization registered with the U.S. Internal Revenue Service under EIN 39-0123480, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Thrivent Financial For Lutherans's EIN?
- Thrivent Financial For Lutherans's Employer Identification Number (EIN) is 39-0123480.
- How much revenue does Thrivent Financial For Lutherans report?
- Thrivent Financial For Lutherans reported $11,798,685,276 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Thrivent Financial For Lutherans's spending goes to programs?
- Thrivent Financial For Lutherans spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Thrivent Financial For Lutherans have?
- CharityIndex grades Thrivent Financial For Lutherans A+, based on program efficiency and fundraising cost.
- How much does Thrivent Financial For Lutherans's highest-paid employee make?
- The highest reported compensation on Thrivent Financial For Lutherans's latest Form 990 is $11,703,049, paid to Teresa Rasmussen (Ceo).
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Explore more
Data for Thrivent Financial For Lutherans (EIN 39-0123480) 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.