Park University

Analysis

Park University is a registered charity in United States, based in Parkville, MO. It received its IRS tax-exemption ruling in July 1945, 81 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, Park University reported income of $84.5m and spending of $79.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $93.7m to $84.5m (-9.8%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Taipei American School Foundation ($84.3m), Corporation for Education Network Initiatives in California ($84.5m) and Carlow University ($84.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.6m (3.3% of expenses). Other salaries and wages came to $28.0m. At year end it held assets of $191.7m against liabilities of $38.6m, net assets of $153.2m. It reported 1,661 employees.