Southeastern University Inc

Analysis

Southeastern University Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 1947, 79 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 May 2023, Southeastern University Inc reported income of $126.3m and spending of $128.8m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $120.3m to $126.3m (+5.0%), an average of +1.2% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern University Inc 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 Capital University ($125.1m), Hawaii Pacific University ($126.6m) and Bethel University ($124.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.9m (1.4% of expenses). Other salaries and wages came to $38.7m. At year end it held assets of $133.7m against liabilities of $85.9m, net assets of $47.8m. It reported 2,121 employees.