Southern Methodist University

Analysis

Southern Methodist University is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1933, 93 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, Southern Methodist University reported income of $1.04bn and spending of $903.7m, spending 87% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $862.5m to $1.04bn (+21%), an average of +4.8% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Methodist 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 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Ohio State University Physicians Inc ($1.03bn), Rochester Institute of Technology ($1.04bn) and College Board ($1.02bn).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $8.6m (0.9% of expenses). Other salaries and wages came to $283.2m. It paid $2.0m in professional fundraising fees. At year end it held assets of $4.21bn against liabilities of $854.1m, net assets of $3.36bn. It reported 6,351 employees.