Herzing University Ltd

Analysis

Herzing University Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Herzing University Ltd reported income of $171.4m and spending of $176.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $135.9m to $171.4m (+26%), an average of +6.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herzing University Ltd sits at the 99th 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 WI. Charities of a similar size with the same main cause include Milwaukee School of Engineering ($171.1m), Basis Charter Schools Inc ($171.6m) and Western New England University ($169.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.8m (1.6% of expenses). Other salaries and wages came to $63.4m. It paid $65k in professional fundraising fees. At year end it held assets of $166.1m against liabilities of $60.3m, net assets of $105.9m. It reported 1,782 employees.