Lehigh University
87% goes to programs $19 to raise $100 Strong reserves Growing revenue
Lehigh University is a 501(c)(3) organization based in Bethlehem, Pennsylvania, registered in 1938, with $840,062,522 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
306 South New Street 451, Bethlehem, PA, 18015 EIN 24-0795445 Since 1938
Revenue (FY2024)
$840.1M
▲ 12.2% vs prior year
Education median: $200K
Expenses (FY2024)
$731.2M
Net assets
$2.7B
Employees
1,964
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $19 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lehigh University: 87% to programs · $19 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating45 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lehigh University: 45 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lehigh University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lehigh University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Research: lehigh is committed to the pursuit of new knowledge, creative discovery, scholarly inquiry, and establishing a vibrant intellectual culture that pervades the campus community. faculty research and creative work has been recognized nationally and internationally by high honors from peers, significant grants and funding, patents granted, and numerous and varied awards. lehigh faculty have contributed to advancements in their disciplines and have been at the forefront of major discoveries that have improved the lives of millions. this scholarly inquiry and research positively impacts and enhances the learning experience in the classroom. together with traditional faculty scholarship activities, approximately 660 actively supported research projects were conducted in fiscal year 2025.
Auxiliary services: student life at lehigh creates a balanced educational experience that integrates formal studies with residential life and a vibrant array of student organizations and activities. lehigh is a caring community deeply committed to harmonious cultural diversity as an essential element of the learning environment. in order that all members of the lehigh community might develop as effective and enlightened citizens, the university encourages physical, social, ethical and spiritual development as well as rigorous intellectual development. in fiscal year 2025, approximately 3,907 undergraduate students resided in residence halls, fraternities or sororities and approximately 212 residents occupied graduate housing on lehigh's campus.
Contact & location
- Address
- 306 South New Street 451, Bethlehem, PA, 18015
- City
- Bethlehem
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $459.6M (FY2013) to $840.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $726.1MNet assets $2.7B
Operating margin
13.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.5B
Total liabilities
$726.1M
Net assets
$2.7B
Salaries & benefits
$311.5M
43% of expenses
Board members
28
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $840,062,522▲12.2% | $731,172,334▲5.9% | $2,738,097,882▲5.4% | $3,464,195,116▲6.0% | 990 |
| 2023 | $748,495,878▲7.6% | $690,327,461▲9.0% | $2,597,241,367▲6.3% | $3,269,250,521▲4.5% | 990 |
| 2022 | $695,392,244▼2.5% | $633,294,461▲7.2% | $2,442,369,987▲3.0% | $3,127,359,714▲2.3% | 990 |
| 2021 | $713,288,867▲20.9% | $590,518,652▲16.5% | $2,371,569,717▼3.2% | $3,057,301,515▼3.0% | 990 |
| 2020 | $589,798,748▲16.4% | $506,971,844▼3.3% | $2,451,130,236▲25.1% | $3,151,567,912▲24.4% | 990 |
| 2019 | $506,773,429▼7.9% | $524,370,908▲0.5% | $1,958,897,937▼2.3% | $2,533,120,795▼1.1% | 990 |
| 2018 | $550,336,671▲0.1% | $521,654,535▲3.6% | $2,004,931,122▲5.6% | $2,562,395,480▲5.9% | 990 |
| 2017 | $549,754,309▲10.8% | $503,477,320▲5.4% | $1,898,175,180▲5.7% | $2,419,878,836▲4.0% | 990 |
| 2016 | $496,148,458▲10.6% | $477,470,352▲3.8% | $1,796,399,651▲10.1% | $2,326,244,071▲15.8% | 990 |
| 2015 | $448,519,479▼11.1% | $459,830,968▲2.3% | $1,632,136,572▼5.2% | $2,008,581,492▼5.9% | 990 |
| 2014 | $504,775,753▲9.8% | $449,355,514▲5.7% | $1,721,197,610▼0.2% | $2,134,506,442▲0.7% | 990 |
| 2013 | $459,557,669 | $425,102,355▲3.1% | $1,724,081,015▲9.9% | $2,119,146,332▲8.2% | 990 |
| 2012 | — | $412,160,108▲3.0% | $1,568,814,636▲7.9% | $1,959,444,786▲6.0% | 990 |
| 2011 | — | $400,168,103▲3.8% | $1,454,569,897▼4.4% | $1,848,588,112▼1.3% | 990 |
| 2010 | — | $385,427,675▲3.9% | $1,521,614,643▲14.4% | $1,873,165,504▲10.9% | 990 |
| 2009 | — | $371,004,337 | $1,330,421,088 | $1,689,750,156 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kristin Agatone — $1,369,597 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kristin Agatone | Chief Investment Off. | 40 | $1,369,597 |
| Joseph J Helble | President | 40 | $1,084,009 |
| Nathaniel N Urban | Provost | 40 | $732,579 |
| Michael D Gould | Director Invest. Off. | 40 | $696,296 |
| Georgette C Phillips | Dean,coll. Bus. & Econ. | 40 | $536,997 |
| Paul Brockman | Professor | 40 | $535,725 |
| Frank A Roth | General Counsel, Secretary | 40 | $484,532 |
| John Welty | Provost, West Reg. Off. | 40 | $474,248 |
| Stephen P Deweerth | Dean,p.c.rossin Coll of Eng | 40 | $456,104 |
| Christine Cook | Vp Finance & Administration | 40 | $428,276 |
| Kathleen Hanley | Professor | 40 | $424,820 |
| Robert A Flowers | Dean,coll. Arts & Sci. | 40 | $375,224 |
| Michael J Todd | Vp Fin & Admin Thru 07/05 | 40 | $272,113 |
| David L Hammer | Associate Vp & Treasurer | 40 | $236,532 |
| John D Simon | Professor/former President | 40 | $160,519 |
| Andrew D Freed | Trustee | 1 | — |
| Ann Lewnes | Vice Chair, Board of Trustees | 2 | — |
| Christopher D Hite | Trustee | 1 | — |
| Christopher M Scott | Trustee | 1 | — |
| Corey L Harrison | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Skanska USA Building Inc | Construction Mgmt | $51,027,042 |
| Sodexo Inc and Affiliates | Food Service | $19,314,582 |
| Abm | Janitorial Services | $11,797,055 |
| Brightview Landscapes LLC | Landscaping | $3,996,087 |
| Allied Building Corporation | Contractor | $1,514,624 |
Grants received · $69.5M total
334 grants to Lehigh University totaling $69.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ayco Charitable Foundation | Education | 2024 | $304,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $271,500 |
| American Online Giving Foundation Inc | General support | 2024 | $202,677 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $197,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $119,324 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $92,350 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $66,504 |
| Community Foundation of New Jersey | Scholarship grant | 2024 | $66,400 |
| Greater Horizons | Education | 2024 | $60,000 |
| Greater Washington Community Foundation | General support | 2024 | $50,000 |
| American Endowment Foundation | Educational | 2024 | $45,450 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $22,424 |
| The Blackbaud Giving Fund | General support | 2024 | $22,107 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $17,750 |
| The New York Community Trust | For a scholarship award. | 2024 | $12,500 |
Grants made · $8.9M in FY2024
48 grants totaling $8.9M in FY2024 — showing the 15 largest. All grants made by Lehigh University →
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Mellon University | — | $1,198,295 |
| Ohio State University | — | $1,192,148 |
| Rector & Visitors of the University of Virginia | — | $1,089,138 |
| Georgia Tech Research Corporation | — | $553,834 |
| Bethlehem Economic Development Corp | — | $430,000 |
| Teachers College Columbia University | — | $363,350 |
| Cornell University | — | $349,742 |
| Regents of the University of California At Riverside | — | $346,680 |
| Louisiana State University | — | $332,329 |
| Regents of the University of Colorado | — | $309,291 |
| Princeton University | — | $308,325 |
| President and Fellows of Harvard College | Research | $261,920 |
| Drexel University | — | $245,656 |
| University of Texas | — | $175,929 |
| Florida Atlantic University | — | $151,058 |
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Frequently asked questions
- Is Lehigh University a legitimate nonprofit?
- Yes. Lehigh University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 24-0795445, based in Bethlehem, Pennsylvania. Donations are tax-deductible.
- What is Lehigh University's EIN?
- Lehigh University's Employer Identification Number (EIN) is 24-0795445.
- How much revenue does Lehigh University report?
- Lehigh University reported $840,062,522 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lehigh University's spending goes to programs?
- Lehigh University spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lehigh University have?
- CharityIndex grades Lehigh University A, based on program efficiency and fundraising cost.
- How much does Lehigh University's highest-paid employee make?
- The highest reported compensation on Lehigh University's latest Form 990 is $1,369,597, paid to Kristin Agatone (Chief Investment Off.).
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Data for Lehigh University (EIN 24-0795445) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.