LUTHER COLLEGE
Mission Statement
In the reforming spirit of Martin Luther, Luther College affirms the liberating power of faith and learning. As people of all backgrounds, we embrace diversity and challenge one another to learn in community, to discern our callings, and to serve with distinction for the common good. As a college of the church, Luther is rooted in an understanding of grace and freedom that emboldens us in worship, study, and service to seek truth, examine our faith, and care for all God’s people. As a liberal arts college, Luther is committed to a way of learning that moves us beyond immediate interests and present knowledge into a larger world—an education that disciplines minds and develops whole persons equipped to understand and confront a changing society. As a residential college, Luther is a place of intersection. Founded where river, woodland, and prairie meet, we practice joyful stewardship of the resources that surround us, and we strive to be a community where students, faculty, and staff are enlivened and transformed by encounters with one another, by the exchange of ideas, and by the life of faith and learning.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.9% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.0% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.0% | 1.3% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
14242.3% | 4180.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
30.8 mo | 20.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.4% | 25.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
72.6% | 82.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-8.6% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.3% | 4.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.9% | 3.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $120.8M | $118.5M | $304.3M | 88.9% | 1794 |
| 2024 | $132.2M | $118.1M | $291.6M | 90.0% | 1910 |
| 2023 | $113.2M | $120.4M | $266.8M | 89.8% | 2023 |
| 2022 | $120.0M | $119.5M | $276.4M | 90.3% | 2075 |
| 2021 | $126.0M | $116.8M | N/A | — | 2266 |
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