Eastern Mennonite University

Analysis

Eastern Mennonite University is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in August 1947, 79 years ago. 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, Eastern Mennonite University reported income of $54.7m and spending of $56.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.9m to $54.7m (+1.4%), an average of +0.3% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Mennonite University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Foodbank for the Heartland ($54.4m), Central City Community Health Center Inc ($54.7m) and Gator Boosters Inc ($54.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $813k (1.4% of expenses). Other salaries and wages came to $15.3m. It paid $88k in professional fundraising fees. At year end it held assets of $100.9m against liabilities of $16.9m, net assets of $84.0m. It reported 1,016 employees.