Northwood University

Analysis

Northwood University is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 1961, 65 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, Northwood University reported income of $98.0m and spending of $70.0m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.2m to $98.0m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwood 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 MI. Charities of a similar size with the same main cause include Westminster Schools Inc ($97.7m), Education Service Center Region Xiii ($98.3m) and Lawschool Admissions Council Inc ($97.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.6m (2.3% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $255.0m against liabilities of $11.0m, net assets of $244.0m. It reported 918 employees.