Belmont University

Analysis

Belmont University is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1951, 75 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, Belmont University reported income of $454.0m and spending of $405.7m, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $374.3m to $454.0m (+21%), an average of +4.9% a year. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont University 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 TN. Charities of a similar size with the same main cause include University of Illinois Foundation ($450.3m), President & Fellows of Middlebury College ($456.0m) and California Baptist University ($439.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $7.6m (1.9% of expenses). Other salaries and wages came to $130.6m. At year end it held assets of $1.57bn against liabilities of $250.8m, net assets of $1.31bn. It reported 4,229 employees.