Northwestern College

Analysis

Northwestern College is a registered charity in United States, based in Orange City, IA. It received its IRS tax-exemption ruling in September 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 June 2023, Northwestern College reported income of $63.9m and spending of $58.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.4m to $63.9m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwestern College sits at the 99th 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 IA. Charities of a similar size with the same main cause include Folds of Honor Foundation ($63.8m), University of South Carolina Educational Foundation ($64.1m) and Graduate Management Admission Council ($63.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.2m (2.1% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $175.4m against liabilities of $9.3m, net assets of $166.1m. It reported 1,274 employees.