Ashland University

Analysis

Ashland University is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in May 1949, 77 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 May 2023, Ashland University reported income of $130.7m and spending of $138.3m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $127.6m to $130.7m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to May 2023, when income dropped by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ashland University 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 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Kipp Metro Atlanta Collaborative Inc ($130.6m), Anderson University ($131.2m) and Taylor University ($130.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.6m (1.1% of expenses). Other salaries and wages came to $48.8m. It paid $456k in professional fundraising fees. At year end it held assets of $305.8m against liabilities of $97.2m, net assets of $208.6m. It reported 2,565 employees.