Harding University

Analysis

Harding University is a registered charity in United States, based in Searcy, AR. It received its IRS tax-exemption ruling in August 1959, 67 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 June 2023, Harding University reported income of $114.5m and spending of $125.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $135.5m to $114.5m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harding University sits at the 100th 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 AR. Charities of a similar size with the same main cause include Grays Harbor Community Hospital ($114.4m), University of Toledo Physicians Clinical Facility Inc ($114.8m) and Ach Child and Family Services ($113.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $51.8m. It paid $74k in professional fundraising fees. At year end it held assets of $475.7m against liabilities of $71.1m, net assets of $404.6m. It reported 2,779 employees.