Education (B420) IRS Verified DX Registered 990 on File

MUHLENBERG COLLEGE

EIN: 23-1352664 · ALLENTOWN, PA 18104-5564 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 74/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Muhlenberg College aims to develop independent critical thinkers who are intellectually agile, characterized by a zest for reasoned and civil debate, committed to understanding the diversity of the human experience, able to express ideas with clarity and grace, committed to lifelong learning, equipped with ethical and civic values and prepared for lives of leadership and service. The College is committed to providing an intellectually rigorous education within the context of an inclusive and diverse campus; we strongly believe that diversity is essential to learning and to our success as a pluralistic community. Our curriculum integrates the traditional liberal arts with selected preprofessional studies. Our faculty are passionate about teaching, value close relationships with students and are committed to the pedagogical and intellectual importance of research. All members of our community are committed to educating the whole person through experiences within and beyond the classroom. Honoring its historical heritage from the Lutheran Church and its continuing connection with the Evangelical Lutheran Church in America, Muhlenberg encourages, welcomes and celebrates a variety of faith traditions and spiritual perspectives.

Financial Overview — FY 2023

$150.2M

Total Revenue

$160.6M

Total Expenses

$470.4M

Net Assets

1876

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 90.4%

Fundraising Efficiency N/A

Operating Reserve 35.15x

Liability-to-Asset 15.1%

Revenue Diversification 85.8%

Executive Compensation $2.0M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

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	90.4%	87.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	7.1%	10.5%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.6%	1.3%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	35.2 mo	20.3 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	15.1%	27.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	85.8%	84.6%	P10P90	Below median
Revenue growth Year over year revenue growth	-14.7%	-2.0%	P10P90
Expense growth Year over year expense growth	-0.5%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	-6.9%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$150.2M	$160.6M	$470.4M	90.4%	1876
2022	$176.1M	$161.4M	$465.8M	90.5%	1850
2021	$171.3M	$153.5M	N/A	—	1987

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Organization Details

EIN: 23-1352664
State: PA
City: ALLENTOWN
ZIP: 18104-5564
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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