North American University

Analysis

North American University is a registered charity in United States, based in Stafford, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North American University reported income of $12.1m and spending of $14.7m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $12.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North American University sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Lashon Academy ($12.1m), Aveson ($12.1m) and Indian River State College FDN Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $226k (1.5% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $12.9m against liabilities of $2.7m, net assets of $10.2m. It reported 263 employees.