Faulkner University

Analysis

Faulkner University is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in February 1950, 76 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 2024, Faulkner University reported income of $83.6m and spending of $71.3m, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $55.2m to $83.6m (+51%), an average of +11% a year. The sharpest change came in the year to May 2024, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faulkner 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 100th percentile within AL. Charities of a similar size with the same main cause include The Academy Charter School ($83.6m), Blue Ridge Academy ($83.7m) and Marymount Manhattan College ($83.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $848k (1.2% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $115.3m against liabilities of $43.2m, net assets of $72.2m. It reported 1,033 employees.