Bethany Lutheran College & Seminary Inc
700 Luther Dr, Mankato, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $36,287,765 | $35,498,756 | $97,127,448 |
| FY2024 | $37,072,690 | $36,027,334 | $92,982,176 |
| FY2023 | $33,871,771 | $33,193,131 | $88,332,973 |
| FY2022 | $36,614,308 | $33,300,215 | $84,866,979 |
| FY2021 | $41,760,008 | $30,634,375 | $90,638,683 |
| FY2020 | $27,940,514 | $29,964,672 | $76,660,122 |
| FY2019 | $28,808,856 | $28,355,236 | $79,574,133 |
| FY2018 | $24,986,365 | $27,275,148 | $79,725,641 |
| FY2017 | $24,465,670 | $25,122,256 | $79,996,423 |
| FY2016 | $22,237,630 | $23,640,352 | $77,909,130 |
| FY2015 | $24,135,363 | $23,591,227 | $81,632,702 |
| FY2014 | $22,145,229 | $23,947,794 | $82,890,864 |
| FY2013 | $23,768,292 | $24,002,545 | $80,923,602 |
| FY2012 | $23,208,611 | $23,520,336 | $79,674,524 |
Form 990 filings
The returns filed by Bethany Lutheran College & Seminary Inc (EIN 41-0747165), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $7,584,615 | 21% |
| Program service revenue | $24,853,031 | 68% |
| Other revenue | $3,850,119 | 11% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $31,723,484 | 89% |
| Management & general | $2,748,338 | 8% |
| Fundraising | $1,026,934 | 3% |
What the numbers show
- Program service revenue made up 68% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 8%, and fundraising 3%.
- 89% of functional expenses went to program services in FY2025. That is higher than 67.1% of 73 Education organizations in MN.
- Net assets covered about 32.8 months of expenses at the end of the reporting year. That puts it in the 71st percentile among 1313 Education organizations in MN.
- Total revenue was higher than 97.9% of 1323 Education organizations in MN.
- Total revenue rose from $23,208,611 in FY2012 to $36,287,765 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2013, FY2014, FY2016, FY2017, FY2018, FY2020).
- The highest revenue on record here is $41,760,008 in FY2021.
- Net assets grew from $79,674,524 to $97,127,448 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
BETHANY LUTHERAN COLLEGE IS A PRIVATE, RESIDENTIAL, LIBERAL ARTS COLLEGE COMMITTED TO THE TEACHINGS OF THE BIBLE AS SET FORTH IN THE LUTHERAN CONFESSIONS. BETHANY PROVIDES STUDIES CULMINATING IN A BACHELOR OF ARTS & SCIENCE DEGREES & A MASTERS OF CLINCIAL MENTAL HEALTH COUNSELING.
IRS status
| Ruling year | 1966 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B410 — Education (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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