Graceland University

Analysis

Graceland University is a registered charity in United States, based in Lamoni, IA. It received its IRS tax-exemption ruling in April 1942, 84 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 2022, Graceland University reported income of $55.9m and spending of $51.9m, spending 93% of its income. Across the 4 years on record, from May 2019 to May 2022, income fell from $60.5m to $55.9m (-7.7%), an average of -2.6% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graceland 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 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Hockaday School ($55.8m), Associated Students UCLA ($56.0m) and University of Virginia Alumni Association ($55.8m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $133.8m against liabilities of $32.9m, net assets of $100.9m. It reported 939 employees.