Freed-Hardeman University

Analysis

Freed-Hardeman University is a registered charity in United States, based in Henderson, TN. It received its IRS tax-exemption ruling in March 1975, 51 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, Freed-Hardeman University reported income of $69.3m and spending of $59.7m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $55.8m to $69.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freed-Hardeman University sits at the 99th percentile: it is larger than about 99% 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 Northfield Mount Hermon School ($69.3m), Virginia Early Childhood Foundation ($69.3m) and Our Lady of the Lake University of San Antonio ($69.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Other salaries and wages came to $14.5m. At year end it held assets of $187.8m against liabilities of $34.2m, net assets of $153.6m. It reported 907 employees.