Northwest University

Analysis

Northwest University is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in August 1955, 71 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, Northwest University reported income of $48.9m and spending of $50.5m, spending 103% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $56.0m to $48.9m (-13%), an average of -4.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Elim Homes Inc ($48.9m), Pennsylvania Interest on Lawyer Trust Account Board ($49.0m) and Odyssey House Inc-Utah ($48.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $540k (1.1% of expenses). Other salaries and wages came to $17.0m. It paid $220k in professional fundraising fees. At year end it held assets of $62.6m against liabilities of $29.5m, net assets of $33.2m. It reported 970 employees.