Bethany Lutheran College & Seminary Inc

Analysis

Bethany Lutheran College & Seminary Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in March 1966, 60 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, Bethany Lutheran College & Seminary Inc reported income of $33.9m and spending of $33.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.8m to $33.9m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethany Lutheran College & Seminary Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Kipp Jacksonville Inc ($33.8m), The Trustees of Anatolia College ($33.9m) and Leaguers Inc ($33.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $915k (2.8% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $113.0m against liabilities of $24.7m, net assets of $88.3m. It reported 686 employees.