Lebanon Valley College

Analysis

Lebanon Valley College is a registered charity in United States, based in Annville, PA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lebanon Valley College reported income of $111.5m and spending of $113.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $102.4m to $111.5m (+8.9%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lebanon Valley College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Benedictine College ($111.3m), Ohio Wesleyan University ($112.1m) and Cal Poly Corporation ($111.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.8m (1.6% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $254.7m against liabilities of $61.5m, net assets of $193.2m. It reported 1,590 employees.