Bethune-Cookman University

Analysis

Bethune-Cookman University is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 1944, 82 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, Bethune-Cookman University reported income of $102.2m and spending of $102.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $101.2m to $102.2m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethune-Cookman 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 FL. Charities of a similar size with the same main cause include Union University ($102.2m), Judge Rotenberg Educational Center Inc ($102.3m) and Cal Poly Pomona Foundation Inc ($102.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $2.8m (2.8% of expenses). Other salaries and wages came to $29.9m. At year end it held assets of $231.3m against liabilities of $103.6m, net assets of $127.7m. It reported 959 employees.