Millikin University

Analysis

Millikin University is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in October 1946, 80 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, Millikin University reported income of $94.5m and spending of $96.4m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $94.8m to $94.5m (-0.3%), an average of -0.1% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millikin 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 Jubilee Academic Center Inc ($94.4m), College for Creative Studies ($94.5m) and University of Mount Union ($94.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.4m (1.5% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $248.6m against liabilities of $35.1m, net assets of $213.5m. It reported 1,310 employees.