Northwestern Health Sciences University

Analysis

Northwestern Health Sciences University is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in July 1950, 76 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 August 2023, Northwestern Health Sciences University reported income of $34.3m and spending of $34.5m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $29.9m to $34.3m (+15%), an average of +3.4% a year. 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, Northwestern Health Sciences University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Miles College ($34.2m), Houghton University ($34.3m) and The North Carolina A&t Real Estate Foundation Inc ($34.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $633k (1.8% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $37.7m against liabilities of $12.0m, net assets of $25.7m. It reported 571 employees.