Spring Arbor University

Analysis

Spring Arbor University is a registered charity in United States, based in Spring Arbor, MI. It received its IRS tax-exemption ruling in May 1972, 54 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 May 2023, Spring Arbor University reported income of $57.8m and spending of $59.4m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $72.0m to $57.8m (-20%), an average of -5.4% a year. The sharpest change came in the year to May 2023, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Arbor University sits at the 98th 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 MI. Charities of a similar size with the same main cause include Fenton Charter Public Schools ($57.8m), Spence School ($58.1m) and Matheny School and Hospital Inc ($57.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $497k (0.8% of expenses). Other salaries and wages came to $15.8m. At year end it held assets of $116.7m against liabilities of $26.6m, net assets of $90.1m. It reported 1,151 employees.