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Pennsylvania · Nonprofit

LEBANON VALLEY COLLEGE

LEBANON VALLEY COLLEGE (Pennsylvania) receives grants from 142 organizations whose IRS filings report $14,274,237 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($3,271,150). 92 of them have funded it in more than one year.

Revenue FY2025
$128M
Funders on record
142
Grants received
$14M
Net assets
$218M
92/142 repeat funderspeak grant-dependency 2%
01What it does

What Lebanon Valley College does

Mission

Lebanon Valley College educates students for lifelong success through exceptional undergraduate liberal-arts programs and professional graduate programs delivered in an engaging and supportive academic and co-curricular environment. Continued on schedule o.we educate our students to think critically and creatively, analyze and address complex issues, and communicate effectively. We guide them in deepening their commitment to inclusion, civic engagement, and global citizenship.

As stated on its FY2025 Form 990.

Program

  1. Lebanon Valley College, founded in 1866, offers 50 majors in the health professions, sciences, education, business and digital media, and the arts and humanities. Hands-on learning, internships, and research are emphasized. Lvc offers five direct-entry (bachelor's to master's) programs to streamline graduates' entry into valley graduate programs in business and the health professions. Close faculty-student relationships and mentoring are hallmarks of the lvc experience on its beautiful 370-acre campus. The college encourages student participation in athletics-with 40% competing as ncaa division iii student-athletes in the middle atlantic conference-and student leadership and involvement in over 90 clubs and organizations. Continued on schedule o.lvc offers generous financial aid and guaranteed merit scholarships that exceed $50 million annually, with 100% of students receiving lvc financial aid or scholarships most years. Career success is integrated into the curriculum through the edward and lynn breen center for career and professional development, starting during the first year on campus.eight miles from hershey, pennsylvania, this college of 1,600 undergraduate and over 400…

    $115,436,203 spentof which $59,761,371 as grants$113,478,302 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $115,436,203.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($102M) Expenses 100 ($92M) Net assets 100 ($144M)2018 Revenue 101 ($103M) Expenses 103 ($95M) Net assets 108 ($156M)2019 Revenue 100 ($102M) Expenses 109 ($100M) Net assets 110 ($159M)2020 Revenue 102 ($105M) Expenses 114 ($105M) Net assets 109 ($157M)2021 Revenue 111 ($114M) Expenses 113 ($103M) Net assets 129 ($186M)2022 Revenue 120 ($122M) Expenses 121 ($111M) Net assets 129 ($185M)2023 Revenue 109 ($111M) Expenses 123 ($113M) Net assets 134 ($193M)2024 Revenue 118 ($121M) Expenses 130 ($120M) Net assets 143 ($206M)2025 Revenue 126 ($128M) Expenses 138 ($127M) Net assets 151 ($218M)
'17'18'19'20'21'22'23'24'25
Revenue (126)Expenses (138)Net assets (151)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $214M to $239M (+12%).

$186M
$207M
$211M
$214M
$239M
$237M
$255M
$269M
$281M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 3% · 2018 3% · 2019 3% · 2020 6% · 2021 7% · 2022 6% · 2023 3% · 2024 4% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.

9% of LEBANON VALLEY COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$10M
’17
$8.4M
’18
$2.7M
’19
$14k
’20
$10M
’21
$11M
’22
−$1.5M
’23
$891k
’24
$1.5M
’25
1.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Tracey A Stover

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed474548494751504947
Joined·+5+9+8+6+8+6+7+6
No longer listed·76784788
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 30 funders to 70 funders, grant income rose $833k → $2.2M.

19 of 142 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 48% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LEBANON VALLEY COLLEGE’s funders (the co-funder graph). Top 30 of 142 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LEBANON VALLEY COLLEGE has a broad base — no single funder exceeds 23% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LEBANON VALLEY COLLEGE.

23%
largest funder
49%
top three
~10
effective funders

Largest funder’s share by year: 2017 38% · 2018 71% · 2019 62% · 2020 25% · 2021 22% · 2022 41% · 2023 45% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

48% of LEBANON VALLEY COLLEGE's funders are still giving 3 years after their first grant; 65% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

74% of LEBANON VALLEY COLLEGE's grant income comes from Pennsylvania funders.

WI
MI
NY
MA
IN
PA
NJ
CT
CA
MO
VA
MD
DE
NC
DC
OK
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $6.8M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LEBANON VALLEY COLLEGE's funding base is broadening — from 30 funders to 70 as grant income climbed.

Operating margin1% · below the median
Months of reserve1.5mo · below the median
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding LEBANON VALLEY COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.7M on record — $9.4M federal, $299k state.

Federal$9.4M
grants $9.4Mcontracts $0
17
18
20
21
22
23
Top agencies
  • Department of Education$7.4M
  • Department of Health and Human Services$1.0M
  • National Science Foundation$984k
  • Department of Commerce$14k
State$299k
06
07
08
09
10
11
12
15
16
17
22
23
24
25
26
By state
  • NJ$169k
  • DE$131k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like LEBANON VALLEY COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 8%Fundraising 1%

Governance

33
board members
85%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

PA

Part of a family of 2 related entities

  • Vale LLC · disregarded
  • Lebanon Valley College Physical Therapy & Sports Rehab Clinic · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for LEBANON VALLEY COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LEBANON VALLEY COLLEGE?
LEBANON VALLEY COLLEGE (Pennsylvania) receives grants from 142 organizations whose IRS filings report $14,274,237 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($3,271,150). 92 of them have funded it in more than one year.
How many funders does LEBANON VALLEY COLLEGE have?
IRS filings report 142 organizations giving $14,274,237 in grants to LEBANON VALLEY COLLEGE, 92 of which have funded it in more than one year.
Who is the largest funder of LEBANON VALLEY COLLEGE?
VANGUARD CHARITABLE ENDOWMENT PROGRAM is the largest funder on record, with $3,271,150 in grants. The full list of funders is on this page.
How can an organization like LEBANON VALLEY COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 142 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing