Corban University

Analysis

Corban University is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in June 1956, 70 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 June 2023, Corban University reported income of $36.3m and spending of $34.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.9m to $36.3m (-6.7%), an average of -1.7% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corban 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 99th percentile within OR. Charities of a similar size with the same main cause include Reading Partners ($36.2m), Shady Hill School ($36.3m) and Voorhees University ($36.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $945k (2.7% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $25.3m against liabilities of $7.4m, net assets of $17.9m. It reported 596 employees.