National University

Analysis

National University is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1972, 54 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, National University reported income of $400.2m and spending of $535.9m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $259.0m to $400.2m (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include University of Arizona Global Campus ($399.4m), University of Tampa ($408.2m) and The New York Public Library Astor Lenox and Tilden Foundations ($394.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $6.4m (1.2% of expenses). Other salaries and wages came to $147.5m. At year end it held assets of $1.31bn against liabilities of $291.7m, net assets of $1.02bn. It reported 3,811 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.