Education (B82) IRS Verified DX Registered 990 on File

WALDORF LUTHERAN COLLEGE FOUNDATION INC

EIN: 27-4358184 · FOREST CITY, IA 50436-1713 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on one year of filings

Financial strength (30%) 86/100

Reliability (20%) 50/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

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

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CharityAI™ Score

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Mission Statement

The Waldorf Lutheran College Foundation affirms the mission of Waldorf University to be an engaging community of learning and faith where relationships are formed and opportunities for learning and service abound. We are committed to providing financial resources to honor the past ideals of the university and to enrich learning and spiritual opportunities for future generations of Waldorf University students, empowering them to impact the world through lives of service.

Financial Overview — FY 2023

$25.1M

Total Revenue

$22.4M

Total Expenses

$15.5M

Net Assets

442

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 69.8%

Fundraising Efficiency N/A

Operating Reserve 8.29x

Liability-to-Asset 44.4%

Revenue Diversification 49.4%

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	69.8%	84.4%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	30.2%	13.5%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.7%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	8.3 mo	10.9 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	44.4%	34.2%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	49.4%	87.3%	P10P90	Top quarter
Revenue growth Year over year revenue growth	3491.1%	4.8%	P10P90
Expense growth Year over year expense growth	17105.6%	8.5%	P10P90
Surplus margin Surplus as a share of revenue	10.9%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$25.1M	$22.4M	$15.5M	69.8%	442
2022	$699K	$130K	N/A	—	0

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Organization Details

EIN: 27-4358184
State: IA
City: FOREST CITY
ZIP: 50436-1713
Classification: B82
Category: Education
Rating: 3★
Coverage: B
Last Updated: Aug 2026
Foundation Code: 15
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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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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