Newman University Inc

Analysis

Newman University Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 1946, 80 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, Newman University Inc reported income of $41.0m and spending of $43.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.6m to $41.0m (-1.4%), an average of -0.3% a year. 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, Newman University Inc 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 98th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Trustees of Westminster School Inc ($41.0m), Franklin Road Academy Inc ($41.0m) and Cornell University Foundation ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $443k (1.0% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $68.4m against liabilities of $18.5m, net assets of $49.9m. It reported 691 employees.