Southern Nazarene University

Analysis

Southern Nazarene University is a registered charity in United States, based in Bethany, OK. It received its IRS tax-exemption ruling in July 1959, 67 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 June 2023, Southern Nazarene University reported income of $62.9m and spending of $72.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67.2m to $62.9m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Nazarene University sits at the 99th 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 OK. Charities of a similar size with the same main cause include Gordon College ($62.8m), Anderson University Inc ($62.9m) and Entrepreneurs Organization ($62.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $421k (0.6% of expenses). Other salaries and wages came to $18.4m. At year end it held assets of $112.6m against liabilities of $49.2m, net assets of $63.4m. It reported 1,139 employees.