Education
(B42Z)
IRS Verified
DX Registered
990 on File
LANE COLLEGE
Financial strength (30%)
87/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
Register and add impact metrics to be rated above three stars
CharityAI™ Score
Not yet evaluated
Mission Statement
The College’s Mission is to develop the “whole student.” Academic excellence is the institution‘s top priority, and it is achieved through a student-centered and nurturing approach to learning supported by excellent teaching, teaching-related research, and service. The College believes that one’s intellectual capability coupled with social and spiritual growth is essential to the development of a well-rounded individual. In keeping with this Mission, the College offers creative and enriching academic programs to prepare students for their chosen careers; and encourages active student engagement to cultivate life-long learning.
Financial Overview — FY 2023
$32.4M
Total Revenue
$36.0M
Total Expenses
$58.9M
Net Assets
319
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.3%
Fundraising Efficiency
N/A
Operating Reserve
19.63x
Liability-to-Asset
5.8%
Revenue Diversification
55.6%
Executive Compensation
$221K
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
|
83.3% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.7% | 13.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.6 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.8% | 34.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.6% | 87.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-5.0% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
2.0% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-11.1% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $32.4M | $36.0M | $58.9M | 83.3% | 319 |
| 2022 | $34.1M | $35.3M | $62.0M | 74.0% | 301 |
| 2021 | $59.1M | $26.7M | N/A | — | 574 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.