Neumann University

Analysis

Neumann University is a registered charity in United States, based in Aston, PA. It received its IRS tax-exemption ruling in December 1965, 61 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, Neumann University reported income of $70.9m and spending of $83.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $70.3m to $70.9m (+0.8%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neumann University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include TCS Education System ($70.9m), Crossroads School for Arts and Sciences ($70.9m) and Episcopal Academy ($70.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $141.8m against liabilities of $58.9m, net assets of $82.9m. It reported 918 employees.