Resurrection University

Analysis

Resurrection University is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in August 1936, 90 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Resurrection University reported income of $15.4m and spending of $25.3m, spending 164% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.8m to $15.4m (-42%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Resurrection University sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Turning Point School ($15.4m), Moriah School of Englewood ($15.4m) and University Foundation at Sacramento State ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.4m (5.4% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $61.1m against liabilities of $53.0m, net assets of $8.1m. It reported 234 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.