Religion-Related
(X12)
IRS Verified
DX Registered
990 on File
MICHIGAN LUTHERAN SEMINARY FOUNDATION
Financial strength (30%)
99/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
55/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The Michigan Lutheran Seminary Foundation was established as a public charity in 2001 and provides financial support to Michigan Lutheran Seminary students and graduates as they train for the public ministry. Through fundraising, special projects, and donor generosity, we meet immediate needs, plan for the school’s future, and strengthen the Seminary family.
Financial Overview — FY 2024
$620K
Total Revenue
$459K
Total Expenses
$1.9M
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
84.5%
Fundraising Efficiency
11.0%
Operating Reserve
49.03x
Liability-to-Asset
23.0%
Revenue Diversification
51.5%
Compared with Peers
FY 2024
Compared with 8,453 similar organizations
(United States, Religion-Related, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.5% | 87.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.9% | 8.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
11.0% | 16.6% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
49.0 mo | 7.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
23.0% | 0.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
51.5% | 99.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
3.9% | 6.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-1.6% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
26.0% | 2.1% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 4359586.70 | 300 | $605.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $620K | $459K | $1.9M | 84.5% | 3 |
| 2023 | $597K | $466K | $1.7M | 91.9% | 3 |
| 2022 | $605K | $461K | N/A | — | 3 |
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