Hannibal-Lagrange University

Analysis

Hannibal-Lagrange University is a registered charity in United States, based in Hannibal, MO. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hannibal-Lagrange University reported income of $15.9m and spending of $15.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.1m to $15.9m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hannibal-Lagrange University sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Cypress Christian School Inc ($15.9m), Scottsdale Christian Academy Inc ($15.9m) and Drexel Foundation for Educational Excellence Inc ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $364k (2.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $25.4m against liabilities of $9.8m, net assets of $15.5m. It reported 369 employees.