Union University

Analysis

Union University is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in March 1968, 58 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 July 2023, Union University reported income of $102.2m and spending of $95.4m, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $107.1m to $102.2m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to July 2020, when income dropped by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Cal Poly Pomona Foundation Inc ($102.0m), Bethune-Cookman University ($102.2m) and University of Mississippi Foundation ($101.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $553k (0.6% of expenses). Other salaries and wages came to $31.5m. It paid $103k in professional fundraising fees. At year end it held assets of $202.2m against liabilities of $16.9m, net assets of $185.4m. It reported 1,327 employees.