Southwestern Adventist University

Analysis

Southwestern Adventist University is a registered charity in United States, based in Keene, TX. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwestern Adventist University reported income of $25.2m and spending of $23.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $21.6m to $25.2m (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwestern Adventist 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 98th percentile within TX. Charities of a similar size with the same main cause include Midwest Community Health Associates Inc ($25.2m), Mobilization for Justice Inc ($25.2m) and Souderton Mennonite Homes ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $345k (1.5% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $74.9m against liabilities of $5.9m, net assets of $69.0m. It reported 640 employees.