Cumberland University

Analysis

Cumberland University is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in July 1944, 82 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, Cumberland University reported income of $81.1m and spending of $69.6m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $45.4m to $81.1m (+78%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cumberland 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 99th percentile within TN. Charities of a similar size with the same main cause include Hamaskpik of Rockland County Inc ($81.0m), B H R a G S Homecare Inc ($81.1m) and Financial Accounting Foundation ($80.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $72.6m against liabilities of $17.7m, net assets of $54.9m. It reported 579 employees.