Lipscomb University

Analysis

Lipscomb University is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1940, 86 years ago. 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, Lipscomb University reported income of $228.2m and spending of $235.6m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $199.5m to $228.2m (+14%), an average of +3.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lipscomb 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 Neighborhood Healthcare ($225.4m), Veteran Tickets Foundation ($228.7m) and Tower Health Medical Group ($225.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $4.5m (1.9% of expenses). Other salaries and wages came to $71.9m. At year end it held assets of $455.1m against liabilities of $251.8m, net assets of $203.3m. It reported 2,690 employees.