Education (B41Z) IRS Verified DX Registered 990 on File

LACKAWANNA COLLEGE

EIN: 24-0839402 · SCRANTON, PA 18509-3206 · United States · FY 2023 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 77/100

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

Lackawanna College is a private, 501(c)(3) non-profit, open-enrollment institution which provides a quality education to all who seek to improve their lives and better the communities in which they live. Founded in 1894, Lackawanna offers eight bachelor’s degree programs and 25 associate degree programs, as well as a variety of certificate programs and continuing education opportunities in a wide range of disciplines. Lackawanna College has an annual enrollment of approximately 1,900 students. In addition to its Main Campus in Scranton, the College offers locations in Hazleton, Hawley, Sunbury, Towanda, Tunkhannock, and Covington Township. In fall 2017, the College began offering its first-ever bachelor’s degree programs, and record-breaking enrollments followed. The College has a history of adapting to the region's needs by quickly developing programs to meet the demand for high-priority regional jobs. In July 2025, Lackawanna College merged with Peirce College, (a private, Philadelphia-based institution dedicated exclusively to serving adult learners through online programs) which expanded its presence to serve students online and made the College Pennsylvania’s largest private, nonprofit, open enrollment institution.

Financial Overview — FY 2023

$39.4M

Total Revenue

$35.8M

Total Expenses

$55.9M

Net Assets

704

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 77.0%

Fundraising Efficiency 328.6%

Operating Reserve 18.73x

Liability-to-Asset 29.6%

Revenue Diversification 84.9%

Executive Compensation $837K

Compared with Peers

FY 2023

Compared with 3,578 similar organizations (United States, Education, $10M–$100M 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	77.0%	84.4%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	21.4%	13.5%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.6%	0.7%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	328.6%	631.2%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	18.7 mo	10.9 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	29.6%	34.2%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	84.9%	87.3%	P10P90	Above median
Revenue growth Year over year revenue growth	-1.7%	4.8%	P10P90
Expense growth Year over year expense growth	-3.2%	8.5%	P10P90
Surplus margin Surplus as a share of revenue	9.2%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$39.4M	$35.8M	$55.9M	77.0%	704
2022	$40.1M	$37.0M	$51.5M	78.7%	680
2021	$37.6M	$30.2M	N/A	—	717

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Organization Details

EIN: 24-0839402
State: PA
City: SCRANTON
ZIP: 18509-3206
Classification: B41Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1894
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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