Howard Payne University

Analysis

Howard Payne University is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in February 1939, 87 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 2023, Howard Payne University reported income of $37.9m and spending of $35.2m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $34.7m to $37.9m (+9.2%), an average of +2.2% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Howard Payne University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Wilmington College ($37.9m), Arkansas Virtual Academy ($37.9m) and US Chamber of Commerce Foundation ($37.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $490k (1.4% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $132.2m against liabilities of $5.6m, net assets of $126.5m. It reported 552 employees.