Midamerica Nazarene University Foundation

Analysis

Midamerica Nazarene University Foundation is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midamerica Nazarene University Foundation reported income of $7.1m and spending of $5.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.1m to $7.1m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. 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, Midamerica Nazarene University Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include Chatham Day School Inc ($7.1m), Westminster Academy ($7.1m) and Village Academies Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $24.7m against liabilities of $4.9m, net assets of $19.7m.