MUHLENBERG COLLEGE
2400 CHEW ST, ALLENTOWN, PA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $160,215,961 | $165,566,736 | $526,440,858 |
| FY2024 | $149,565,905 | $160,176,644 | $481,109,148 |
| FY2023 | $150,243,432 | $160,599,197 | $470,403,799 |
| FY2022 | $176,101,982 | $161,439,294 | $465,846,077 |
| FY2021 | $171,294,187 | $153,543,953 | $496,620,363 |
| FY2020 | $183,614,616 | $161,489,312 | $434,487,783 |
| FY2019 | $176,447,587 | $156,755,726 | $440,359,241 |
| FY2018 | $162,882,297 | $150,570,915 | $434,940,468 |
| FY2017 | $152,767,493 | $145,405,920 | $417,594,580 |
| FY2016 | $141,249,033 | $137,045,836 | $383,403,393 |
| FY2015 | $142,974,549 | $129,438,371 | $391,454,768 |
| FY2014 | $154,381,107 | $122,897,636 | $388,000,124 |
| FY2013 | $130,898,522 | $118,694,719 | $350,551,189 |
| FY2012 | $134,126,138 | $115,869,105 | $325,873,352 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $9,749,145 | 7% |
| Program service revenue | $127,742,734 | 93% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $148,942,390 | 90% |
| Management & general | $12,642,384 | 8% |
| Fundraising | $3,981,962 | 2% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 8%, and fundraising 2%.
- 90% of functional expenses went to program services in FY2025. That is higher than 79.2% of 264 Education organizations in PA.
- Net assets covered about 38.2 months of expenses at the end of the reporting year. That puts it in the 70th percentile among 2559 Education organizations in PA.
- Total revenue was higher than 98.9% of 2603 Education organizations in PA.
- Total revenue rose from $134,126,138 in FY2012 to $160,215,961 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2023, FY2024, FY2025).
- The highest revenue on record here is $183,614,616 in FY2020.
- Net assets grew from $325,873,352 to $526,440,858 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MUHLENBERG AIMS TO HELP STUDENTS BECOME INDEPENDENT CRITICAL THINKERS WHO ARE INTELLECTUALLY AGILE, CHARACTERIZED BY A ZEST FOR REASONED AND CIVIL DEBATE, KNOWLEDGEABLE ABOUT THE ACHIEVEMENTS AND TRADITIONS OF DIVERSE CIVILIZATIONS AND CULTURES, ABLE TO EXPRESS IDEAS WITH CLARITY AND GRACE,
IRS status
| Ruling year | 1932 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in PA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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