Education (B410) IRS Verified DX Registered 990 on File

BETHANY LUTHERAN COLLEGE & SEMINARY INC

EIN: 41-0747165 · MANKATO, MN 56001-6192 · United States · FY 2023 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 69/100

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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CharityAI™ Score

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Mission Statement

All proceeds will be used to help improve the Bethany Lutheran College Athletic Department and student scholarships. Bethany Athletics promotes individual growth and development in the spiritual, emotional, social and physical realms, based on the Christian principles set forth in the mission statement of the College. With your support, Viking athletics can continue to provide students with a Christian approach to competition, teamwork, fair play, ethics, and life-long learning.

Financial Overview — FY 2023

$33.9M

Total Revenue

$33.2M

Total Expenses

$88.3M

Net Assets

686

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 89.5%

Fundraising Efficiency 1066.4%

Operating Reserve 31.93x

Liability-to-Asset 21.9%

Revenue Diversification 72.2%

Executive Compensation $915K

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	89.5%	84.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	7.6%	13.5%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.0%	0.7%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	1066.4%	631.2%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	31.9 mo	10.9 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	21.9%	34.2%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	72.2%	87.3%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-7.5%	4.8%	P10P90
Expense growth Year over year expense growth	-0.3%	8.5%	P10P90
Surplus margin Surplus as a share of revenue	2.0%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$33.9M	$33.2M	$88.3M	89.5%	686
2022	$36.6M	$33.3M	$84.9M	89.7%	647
2021	$41.8M	$30.6M	N/A	—	615

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Organization Details

EIN: 41-0747165
State: MN
City: MANKATO
ZIP: 56001-6192
Classification: B410
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1927
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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