Fisk University

Analysis

Fisk University is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Fisk University reported income of $58.5m and spending of $48.5m, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $45.9m to $58.5m (+27%), an average of +8.4% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fisk University 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 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Wayland Baptist University ($58.5m), Chesapeake Lighthouse Foundation Inc ($58.6m) and Ics Support Organization Inc ($58.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 45% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $970k (2.0% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $181.7m against liabilities of $18.5m, net assets of $163.2m.