North Central University

Analysis

North Central University is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1964, 62 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, North Central University reported income of $35.1m and spending of $37.1m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $33.9m to $35.1m (+3.6%), an average of +0.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Central 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 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Brimmer & May School ($35.1m), Odyssey Preparatory Academy Inc ($35.2m) and Lake Erie College ($35.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $639k (1.7% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $47.3m against liabilities of $10.4m, net assets of $36.9m. It reported 702 employees.