Frontier Nursing University Inc

Analysis

Frontier Nursing University Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Frontier Nursing University Inc reported income of $41.6m and spending of $40.4m, spending 97% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $39.2m to $41.6m (+5.9%), an average of +1.9% a year. The sharpest change came in the year to April 2022, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frontier Nursing University Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include University of Northwestern Ohio ($41.5m), Alverno College ($41.6m) and Landon School Corporation ($41.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (2.5% of expenses). Other salaries and wages came to $19.4m. At year end it held assets of $114.2m against liabilities of $25.8m, net assets of $88.5m. It reported 278 employees.