Charity Search / ST OLAF COLLEGE
Education (B420) IRS Verified DX Registered 990 on File

ST OLAF COLLEGE

EIN: 41-0693979 · NORTHFIELD, MN 55057-1574 · United States · FY 2025 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 2025 · Scored 9/13/2026
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Mission Statement

St. Olaf, a four-year college of the Evangelical Lutheran Church in America, provides an education committed to the liberal arts, rooted in the Christian Gospel, and incorporating a global perspective. In the conviction that life is more than a livelihood, it focuses on what is ultimately worthwhile and fosters the development of the whole person in mind, body, and spirit. Now in its second century, St. Olaf College remains dedicated to the high standards set by its Norwegian immigrant founders. In the spirit of free inquiry and free expression, it offers a distinctive environment that integrates teaching, scholarship, creative activity, and opportunities for encounter with the Christian Gospel and God's call to faith. The college intends that its graduates combine academic excellence and theological literacy with a commitment to lifelong learning. St. Olaf College strives to be an inclusive community, respecting those of differing backgrounds and beliefs. Through its curriculum, campus life, and off-campus programs, it stimulates students' critical thinking and heightens their moral sensitivity; it encourages them to be seekers of truth, leading lives of unselfish service to others; and it challenges them to be responsible and knowledgeable citizens of the world.

Financial Overview — FY 2025
$333.1M
Total Revenue
$295.5M
Total Expenses
$1058.0M
Net Assets
3172
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 92.8%
Fundraising Efficiency 23793.2%
Operating Reserve 42.96x
Liability-to-Asset 14.6%
Revenue Diversification 70.9%
Executive Compensation $2.6M
Compared with Peers
FY 2025
Compared with 237 similar organizations (United States, Education, $100M and over in expenses), FY 2025.
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
92.8% 87.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
5.0% 10.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.2% 1.3%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
23793.2% 4180.7%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
43.0 mo 20.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
14.6% 26.1%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
70.9% 82.9%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
11.1% 6.6%
P10P90
Expense growth
Year over year expense growth
8.4% 4.7%
P10P90
Surplus margin
Surplus as a share of revenue
11.3% 3.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $333.1M $295.5M $1058.0M 92.8% 3172
2024 $299.9M $272.6M $997.9M 92.1% 3302
2023 $251.6M $252.8M $906.2M 92.9% 3254
2022 $293.5M $233.5M $889.2M 92.3% 3247
2021 $241.0M $215.3M N/A — 3275
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Organization Details
EIN
41-0693979
State
MN
City
NORTHFIELD
ZIP
55057-1574
Classification
B420
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
11
Form 990
On File
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