Milligan University

Analysis

Milligan University is a registered charity in United States, based in Milligan, TN. It received its IRS tax-exemption ruling in April 1947, 79 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, Milligan University reported income of $48.7m and spending of $47.5m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $44.9m to $48.7m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to May 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milligan 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 Old Dominion Land Conservancy Inc ($48.7m), Goshen College Inc ($48.8m) and Kipp Colorado Schools ($48.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $119.6m against liabilities of $13.0m, net assets of $106.6m. It reported 805 employees.