Southern Nazarene University Foundation

Analysis

Southern Nazarene University Foundation is a registered charity in United States, based in Bethany, OK. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southern Nazarene University Foundation reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+102%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 85% 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 Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Aibt Nonprofit Charter High School Inc ($2.3m), Detroit Achievement Academy Foundation ($2.3m) and Imago Dei Middle School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 11% of the total. At year end it held assets of $34.8m against liabilities of $971k, net assets of $33.9m.