Lancaster Bible College 
The information on this page was last updated 2/10/2026. If you see errors or omissions, please email: [email protected]
Summary
Lancaster Bible College prepares students to flourish in college and life, from the conviction that Christ is real and the Bible is true.
Contact information
Mailing address:
Lancaster Bible College
901 Eden Road
Lancaster , PA 17601
Website: www.lbc.edu
Phone: 717-569-7071
Email: [email protected]
Organization details
EIN: 231484178
CEO/President: Thomas L. Kiedis
Chairman: Philip Clemens
Board size: 19
Founder:
Ruling year: 1960
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
LBC will strengthen the foundation that will enable us to be the leader in collaborative, contextualized biblical higher education in the U.S. and around the world.
Mission statement
To educate Christian students to think and live a biblical worldview and to proclaim Christ by serving Him in the Church and society.
Statement of faith
THE SCRIPTURES. We believe the Scriptures of the Old Testament and the New Testament are the Word of God and are verbally inspired of God and inerrant in the original writings. We believe that this inspiration extends equally and fully to all parts of the Scriptures, and that they are the supreme and final authority in faith and life. John 17:17; Galatians 3:16; 2 Timothy 3:16-17; 2 Peter 1:19-21.
THE GODHEAD. We believe in one God eternally existing in three persons: the Father, the Son, and the Holy Spirit, each having precisely the same nature, attributes, and perfections. Matthew 28:19-20; John 1:1-2; Acts 5:3-4; Colossians 2:9.
JESUS CHRIST - HIS PERSON AND HIS WORK. We believe that the Lord Jesus Christ is fully God and fully man. He was eternally begotten of the Father, conceived by the Holy Spirit, and born of the Virgin Mary. We believe that Jesus Christ died for the sins of the world1 as the substitutionary sacrifice, that His crucified body was raised from the dead, and that He ascended into heaven to appear before the Father as our High Priest, Advocate, and Mediator. Luke 1:35; Romans 9:5; 1 Corinthians 15:1-3; Philippians 2:6-11; Colossians 1:15-17; 2:9; Hebrews 4:15; 9:24; 1 Timothy 2:5; 1 Peter 1:3; 2:24; 3:18; 1 John 2:2.
THE HOLY SPIRIT. We believe that the Holy Spirit came in a special sense2 indwelling every believer. In this age, the Holy Spirit carries out the ministries of restraining evil in the world; convicting people of sin, righteousness, and judgment; regenerating and indwelling all believers; baptizing them into the Body of Christ; sealing them unto the day of redemption; and empowering them for sanctification and service.3 John 14:16-17; 16:7-15; Romans 8:9; 1 Corinthians 6:19; 12:13, 28-30; Ephesians 2:20-22; 4:1-16, 30; Hebrews 2:1-4; Titus 3:5.
HUMANITY. We believe God created humanity, male and female, reflecting the image and likeness of God. Each person's biological sex has been sovereignly appointed by God and is an irreversible aspect of his or her nature. Adam, the first human4, sinned and thereby incurred the judgment of both physical death and spiritual death which is eternal separation from God. Therefore, all human beings, with the exception of Christ Jesus, are born with a fallen nature, are accountable for their sin, and need to be born again. Rejection of one's God-ordained biological sexuality reflects a rejection of God's plans and purposes. God has established and revealed in Scripture a divine order to regulate humanity. Human institutions reflecting that order are marriage of a man and a woman, family, and human government. Genesis 1:1,26,27; Psalm 51:5; Jeremiah 17:9; John 3:3-7; Romans 1:21-32; 3:10-12; 5:12; 1 Thessalonians 4:3; Ephesians 2:1-10; 1 John 1:8-10; Genesis 2:18-25; Colossians 3:18-21; Romans 13:1-7.
SALVATION. We believe that salvation was provided5 and accomplished solely by the finished work of Christ shedding His blood upon the cross, and no work on the part of any person can merit this salvation. Whoever believes solely in the finished work of Jesus Christ receives the new birth, becomes a partaker of the divine nature, and thus becomes a child of God.6 John 3:16; 6:37; 10:27-30; 2 Corinthians 5:14; Ephesians 2:8-9; 1 Timothy 2:3-6; 1 Peter 1:18-19, 23; 2 Peter 1:3-4.
THE CHURCH. We believe the Church universal7 consists of all those who believe on the Lord Jesus Christ. Christ is the Head of the Church, called His Body. The local church is a body of believers in Christ who are joined together under scriptural leadership for the worship of God, for edification through the Word of God, for prayer, for fellowship, for the proclamation of the Gospel, and for observance of the ordinances.8 Matthew 16:16-18; Acts 1:4-5; 2:42-47; 11:15-16; Romans 12:5; Ephesians 1:20-23; Philippians 1:1; 1 Corinthians 12:13; 1 Timothy 3:15.
THE FUTURE. We believe in the imminent return of Jesus Christ. We believe in the bodily resurrection of the just and unjust, in the reward and everlasting conscious blessedness of the just, and in the judgment and everlasting punishment of the lost. 9 Luke 16:19-26; John 11:25; 1 Corinthians 15:51-57; 1 Thessalonians 4:13-18; Revelation 20:1-15; 21:1-8.
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Donor confidence score
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To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 410 of 1420 | 44 of 155 |
| Fund acquisition rating | | 888 of 1420 | 102 of 155 |
| Resource allocation rating | | 180 of 1420 | 4 of 155 |
| Asset utilization rating | | 578 of 1421 | 72 of 155 |
According to the organization's Form 990, it received $416,608 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 18% | 19% | 11% | 8% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 10% | 11% | 21% | 27% | 27% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 90% | 89% | 79% | 73% | 73% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 94% | 93% | 93% | 93% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 101% | 98% | 104% | 99% | 85% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 95% | 92% | 96% | 92% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -1% | 2% | -4% | 1% | 15% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -1% | 1% | -3% | 1% | 12% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 5% | 5% | 5% | 5% | 5% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.54 | 0.52 | 0.50 | 0.51 | 0.44 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 3.06 | 3.09 | 3.19 | 3.34 | 2.97 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 1.65 | 1.60 | 1.61 | 1.70 | 1.31 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 7.18 | 8.52 | 8.93 | 11.34 | 14.29 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.14 | 0.12 | 0.11 | 0.09 | 0.07 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.96 | 6.26 | 6.60 | 6.63 | 6.45 | 8.53 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 36% | 37% | 39% | 36% | 35% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 28% | 29% | 30% | 30% | 30% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 118% | 121% | 122% | 126% | 147% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $4,154,995 | $4,227,863 | $3,750,012 | $2,428,577 | $6,262,182 |
| Receivables, inventories, prepaids | $2,927,894 | $3,959,907 | $5,787,303 | $3,538,258 | $3,412,535 |
| Short-term investments | $21,996,526 | $21,178,567 | $19,901,878 | $21,086,526 | $21,626,886 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $29,079,415 | $29,366,337 | $29,439,193 | $27,053,361 | $31,301,603 |
| Long-term investments | $688,786 | $0 | $0 | $0 | $0 |
| Fixed assets | $56,336,270 | $57,467,645 | $59,701,020 | $61,077,879 | $60,158,153 |
| Other long-term assets | $2,886,644 | $3,971,383 | $4,706,279 | $2,304,310 | $1,495,346 |
| Total long-term assets | $59,911,700 | $61,439,028 | $64,407,299 | $63,382,189 | $61,653,499 |
| Total assets | $88,991,115 | $90,805,365 | $93,846,492 | $90,435,550 | $92,955,102 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $1,053,728 | $923,625 | $823,383 | $974,869 | $593,930 |
| Other current liabilities | $2,998,541 | $2,521,435 | $2,474,000 | $1,411,140 | $1,596,053 |
| Total current liabilities | $4,052,269 | $3,445,060 | $3,297,383 | $2,386,009 | $2,189,983 |
| Debt | $24,586,968 | $26,024,894 | $28,415,168 | $27,159,920 | $27,809,024 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $3,636,846 | $4,098,498 | $4,675,761 | $3,075,375 | $2,974,238 |
| Total long-term liabilities | $28,223,814 | $30,123,392 | $33,090,929 | $30,235,295 | $30,783,262 |
| Total liabilities | $32,276,083 | $33,568,452 | $36,388,312 | $32,621,304 | $32,973,245 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $42,732,889 | $43,771,110 | $45,429,013 | $47,199,842 | $47,098,084 |
| With donor restrictions | $13,982,143 | $13,465,803 | $12,029,167 | $10,614,404 | $12,883,773 |
| Net assets | $56,715,032 | $57,236,913 | $57,458,180 | $57,814,246 | $59,981,857 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $4,664,203 | $5,476,786 | $9,511,730 | $12,408,731 | $12,848,819 |
| Program service revenue | $39,831,767 | $37,868,316 | $34,083,497 | $32,421,654 | $33,112,089 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,731,618 | $3,698,761 | $1,028,872 | $871,481 | $1,634,060 |
| Other revenue | $1,139,321 | $890,911 | $1,036,751 | $790,736 | $419,847 |
| Total other revenue | $42,702,706 | $42,457,988 | $36,149,120 | $34,083,871 | $35,165,996 |
| Total revenue | $47,366,909 | $47,934,774 | $45,660,850 | $46,492,602 | $48,014,815 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $44,917,462 | $43,911,597 | $44,030,651 | $42,793,967 | $38,207,814 |
| Management and general | $2,229,316 | $2,193,434 | $2,227,259 | $2,074,290 | $1,915,998 |
| Fundraising | $834,980 | $1,017,492 | $1,028,472 | $1,005,424 | $816,317 |
| Total expenses | $47,981,758 | $47,122,523 | $47,286,382 | $45,873,681 | $40,940,129 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($614,849) | $812,251 | ($1,625,532) | $618,921 | $7,074,686 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($614,849) | $812,251 | ($1,625,532) | $618,921 | $7,074,686 |
Compensation
| Name | Title | Compensation |
| Dr Thomas Kiedis | President | $273,411 |
| Jael Kdlv Chambers | Executive Vice President | $171,380 |
| Tricia Wilson | Provost | $164,697 |
| Rev Zachary Ritvalsky | VP Institutional Alignment | $152,942 |
| Dr Mark Meyer | VP of Advancement | $145,495 |
| Mr Matthew C Mason | VP Finance | $140,425 |
| Peter Beers | VP Traditional Undergradua | $131,482 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/10/2026. To update the information below, please email: [email protected]
History
Lancaster Bible College (LBC), established in 1933, is a private, non-denominational Christian college located two hours from New York City and Washington, D.C. LBC integrates biblical truth into over 35 accredited bachelor's, master's, and doctoral programs, preparing students for careers and service to Christ.