Midwestern University

Analysis

Midwestern University is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in September 1996, 30 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, Midwestern University reported income of $518.1m and spending of $393.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $481.7m to $518.1m (+7.6%), an average of +1.8% a year. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midwestern 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 IL. Charities of a similar size with the same main cause include Rockefeller University ($514.6m), University of St Thomas ($537.1m) and The Big 12 Conference Inc ($510.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $8.1m (2.1% of expenses). Other salaries and wages came to $191.6m. At year end it held assets of $1.94bn against liabilities of $280.1m, net assets of $1.66bn. It reported 4,043 employees.