Nova Southeastern University Inc

Analysis

Nova Southeastern University Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1965, 61 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, Nova Southeastern University Inc reported income of $937.8m and spending of $886.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $732.7m to $937.8m (+28%), an average of +6.4% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nova Southeastern University Inc 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 FL. Charities of a similar size with the same main cause include American University ($933.9m), Loyola University of Chicago ($992.7m) and University of Auckland ($927.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $7.0m (0.8% of expenses). Other salaries and wages came to $331.5m. It paid $5,000 in professional fundraising fees. At year end it held assets of $1.99bn against liabilities of $875.5m, net assets of $1.12bn. It reported 8,557 employees.