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Indiana · Nonprofit

THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC

THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC (Indiana) receives grants from 16 organizations whose IRS filings report $1,534,031 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($795,689). 13 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$5.8M
Funders on record
16
Grants received
$1.5M
Net assets
$8.5M
13/16 repeat funderspeak grant-dependency 15%
01What it does

What The Lutheran Scholarship Granting Organization of Indiana Inc does

Mission

The mission of the lutheran scholarship granting organization of indiana, inc. Is to raise funds from individuals and businesses and distribute scholarship funds to all eligible students attending lutheran and other christian schools in states served by the lutheran sgo.

As stated on its FY2025 Form 990.

Program

  1. The organizaton exists to raise funds from individuals and businesses to provide scholarship funds to all eligible students wanting to attend an indiana christian school of their choice. The efforts of the organization support enrollment growth and christian outreach to families.

    $3,934,635 spentof which $3,860,498 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $3,934,635.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($2.8M) Expenses 100 ($2.6M) Net assets 100 ($2.6M)2020 Revenue 106 ($3.0M) Expenses 112 ($2.9M) Net assets 102 ($2.6M)2021 Revenue 121 ($3.4M) Expenses 108 ($2.8M) Net assets 125 ($3.2M)2022 Revenue 161 ($4.5M) Expenses 147 ($3.8M) Net assets 151 ($3.9M)2023 Revenue 176 ($4.9M) Expenses 143 ($3.7M) Net assets 199 ($5.2M)2024 Revenue 179 ($5.0M) Expenses 127 ($3.3M) Net assets 266 ($6.9M)2025 Revenue 208 ($5.8M) Expenses 162 ($4.2M) Net assets 329 ($8.5M)
2019202020212022202320242025
Revenue (208)Expenses (162)Net assets (329)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $6.9M to $8.5M (+24%).

$2.6M
$2.7M
$3.2M
$3.9M
$5.3M
$6.9M
$8.5M
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

94% of THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC’s revenue is contributions — more donation-reliant than the typical peer (82% for the typical peer).

This organization
Typical peer · 3,052 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 7 reported years ran a deficit.

$210k
’19
$57k
’20
$596k
’21
$702k
’22
$1.2M
’23
$1.7M
’24
$1.6M
’25
23
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2019202020212022202320242025
Listed5545566
Joined·+0+0+1+1+1+0
No longer listed·010100
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $15k → $732k.

12 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 88% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC leans on a few funders — its largest provides 52% of grant income and the top three 68%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

97% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC.

52%
largest funder
68%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2018 49% · 2019 60% · 2020 57% · 2021 82% · 2022 42% · 2023 78% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

50% of THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC's funders are still giving 3 years after their first grant; 81% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

88% of THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $179k that is directly attributable, 78% of it comes from funders outside Indiana, across 4 states.

MN
NY
IN
PA

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC holds deeper cash reserves than three-quarters of the 1,504 philanthropy nonprofits its size.

Operating margin28% · above the median
Months of reserve23.4mo · top quartile
Revenue growth (annualized)13% · above the median

this organization peer median middle 50% of peers· 1,504 philanthropy nonprofits $1M–$10M, FY2025

Organizations like THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 3%Fundraising 3%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

90%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC?
THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC (Indiana) receives grants from 16 organizations whose IRS filings report $1,534,031 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($795,689). 13 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC have?
IRS filings report 16 organizations giving $1,534,031 in grants to THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC, 13 of which have funded it in more than one year.
Who is the largest funder of THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $795,689 in grants. The full list of funders is on this page.
How can an organization like THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Lutheran Scholarship Granting Organization of Indiana →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing