Davenport University

Analysis

Davenport University is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 1971, 55 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, Davenport University reported income of $118.6m and spending of $130.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $122.5m to $118.6m (-3.2%), an average of -0.8% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Davenport 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 River Springs Charter School Inc ($118.3m), College of St Benedict Business Off ($118.9m) and Mount Saint Marys University ($117.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $2.1m (1.6% of expenses). Other salaries and wages came to $37.5m. At year end it held assets of $155.8m against liabilities of $76.7m, net assets of $79.1m. It reported 1,521 employees.