Abilene Christian University

Analysis

Abilene Christian University is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 1941, 85 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 May 2023, Abilene Christian University reported income of $314.8m and spending of $255.9m, spending 81% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $231.5m to $314.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to May 2021, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Christian 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 Loma Linda University Medical Center-Murrieta ($314.7m), Educational Credit Management Corporation ($318.1m) and SRC Inc ($311.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $4.5m (1.8% of expenses). Other salaries and wages came to $68.7m. It paid $76k in professional fundraising fees. At year end it held assets of $1.24bn against liabilities of $317.5m, net assets of $924.4m. It reported 2,972 employees.