Regent University

Analysis

Regent University is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in August 1978, 48 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, Regent University reported income of $160.2m and spending of $154.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $151.0m to $160.2m (+6.1%), an average of +1.5% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regent University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Migrant Health Center ($158.0m), Los Angeles LGBT Center ($162.4m) and MCR Health Inc ($156.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.2m (1.5% of expenses). Other salaries and wages came to $57.3m. At year end it held assets of $200.8m against liabilities of $99.6m, net assets of $101.2m. It reported 1,822 employees.