University of Kansas Memorial

Analysis

University of Kansas Memorial is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in May 2018, 8 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, University of Kansas Memorial reported income of $38.2m and spending of $37.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $43.9m to $38.2m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Kansas Memorial 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 Avon Old Farms School Inc ($38.1m), Tennessee Wesleyan University ($38.2m) and Gestalt Community Schools ($38.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $328k (0.9% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $32.7m against liabilities of $19.1m, net assets of $13.6m. It reported 1,142 employees.