Olivet Nazarene University

Analysis

Olivet Nazarene University is a registered charity in United States, based in Bourbonnais, IL. It received its IRS tax-exemption ruling in August 1948, 78 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, Olivet Nazarene University reported income of $148.6m and spending of $142.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $150.2m to $148.6m (-1.1%), an average of -0.3% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olivet Nazarene 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 IL. Charities of a similar size with the same main cause include Le Moyne College ($148.6m), Hobart and William Smith Colleges ($148.6m) and NC State Investment Fund Inc ($147.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $996k (0.7% of expenses). Other salaries and wages came to $33.7m. It paid $195k in professional fundraising fees. At year end it held assets of $252.1m against liabilities of $140.0m, net assets of $112.2m. It reported 1,880 employees.