McKendree University

Analysis

McKendree University is a registered charity in United States, based in Lebanon, IL. It received its IRS tax-exemption ruling in May 1943, 83 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, McKendree University reported income of $63.6m and spending of $65.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $72.0m to $63.6m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKendree University sits at the 99th percentile: it is larger than about 98% of them. 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 Simpson College ($63.6m), McCallie School Inc ($63.6m) and The Seattle Academy of Arts and Sciences ($63.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $471k (0.7% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $105.8m against liabilities of $42.3m, net assets of $63.5m. It reported 864 employees.