Doane University

Analysis

Doane University is a registered charity in United States, based in Crete, NE. It received its IRS tax-exemption ruling in February 1931, 95 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, Doane University reported income of $86.2m and spending of $70.4m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $82.5m to $86.2m (+4.4%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 37%. 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, Doane 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 99th percentile within NE. Charities of a similar size with the same main cause include Meredith College ($85.9m), Milton Academy ($86.2m) and Franklin Pierce University ($85.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $876k (1.2% of expenses). Other salaries and wages came to $23.1m. It paid $171k in professional fundraising fees. At year end it held assets of $245.4m against liabilities of $38.5m, net assets of $206.9m. It reported 1,119 employees.