Methodist University Inc

Analysis

Methodist University Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in January 2009, 17 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, Methodist University Inc reported income of $76.5m and spending of $74.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73.3m to $76.5m (+4.4%), an average of +1.1% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Methodist University Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Bennington College ($76.4m), Caldwell University Inc ($76.6m) and Wabash College ($76.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.9m (2.5% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $135.4m against liabilities of $31.0m, net assets of $104.5m. It reported 1,127 employees.