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Education · 2023 Form 990

Lafayette College: $259.0M Revenue, $258.4M Expenses

Easton, Pennsylvania · EIN 240795686 · Filing year 2023

Lafayette College reported $259.0M in total revenue, $258.4M in total expenses, and $1.6B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $6.6M (2.56% of revenue). NonprofitTruth efficiency grade: C (51/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
51/100

Key Facts (2023 Form 990)

Total Revenue
$259.0M
Total Expenses
$258.4M
Total Assets
$1.6B
Reserve Months
76.6 months
Surplus / (Deficit)
$559K
EIN
240795686
Latest 990 Year
2023
Current-Officer Compensation
$6.6M
Officer Comp % of Revenue
2.56%

Lafayette College earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 51/100.

Lafayette College is a large nonprofit by U.S. standards: $259.0M in 2023 revenue against $258.4M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Reserves are the limiting factor: Lafayette College carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. Compensation for current officers and key employees runs $6.6M against $259.0M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. In the Education category, Lafayette College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$259.0M
Revenue
$258.4M
Expenses
$1.6B
Total Assets
$6.6M
Officer Compensation

How Lafayette College Compares

Lafayette College earns a NonprofitTruth efficiency grade of C (51/100). That is 13 points below the Education category average. Compensation for current officers and key employees represents 2.56% of total revenue. The organization holds 76.6 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$258.4M
Total Expenses
Filing year 2023
$6.6M
Officer Compensation
2.56% of revenue
76.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Lafayette College reported $259.0M in revenue against $258.4M in total functional expenses for filing year 2023, holding roughly 76.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $6.6M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.56% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Lafayette College has a NonprofitTruth Efficiency Score of C (51/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Lafayette College, Donor FAQ

Lafayette College has a NonprofitTruth Efficiency Score of C (51/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Lafayette College reports $6.6M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.56% of the organization's $259.0M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Lafayette College reported $259.0M in annual revenue and $258.4M in total expenses for filing year 2023. The organization holds $1.6B in total assets.

Lafayette College holds approximately 76.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Lafayette College is a registered 501(c) organization with EIN 240795686, based in Easton, Pennsylvania. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.