Kansas Health Science University Inc

Analysis

Kansas Health Science University Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2018, 8 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, Kansas Health Science University Inc reported income of $6.8m and spending of $21.8m, spending 322% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $824k to $6.8m (+721%), an average of +69% a year. The sharpest change came in the year to May 2022, when income rose by 2033%. Over the whole period it spent 449% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kansas Health Science University Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Powhatan School ($6.8m), Dr Howard Fuller Collegiate Academy Inc ($6.8m) and Long Valley Charter School ($6.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.4m (6.3% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $90.2m against liabilities of $89.5m, net assets of $623k. It reported 113 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.