Mid-America Nazarene University

Analysis

Mid-America Nazarene University is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in July 1986, 40 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, Mid-America Nazarene University reported income of $48.3m and spending of $51.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.9m to $48.3m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid-America Nazarene 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 KS. Charities of a similar size with the same main cause include Ohio Dominican University ($48.2m), Kent School Corporation ($48.3m) and University of New Hampshire Foundation Incorporated ($48.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $916k (1.8% of expenses). Other salaries and wages came to $15.5m. It paid $36k in professional fundraising fees. At year end it held assets of $56.7m against liabilities of $24.7m, net assets of $32.0m. It reported 882 employees.