Anderson University: $131.2M Revenue, $131.9M Expenses
Anderson, South Carolina · EIN 570324906 · Filing year 2023
Anderson University reported $131.2M in total revenue, $131.9M in total expenses, and $268.0M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $2.3M (1.72% of revenue). NonprofitTruth efficiency grade: B (76/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $131.2M
- Total Expenses
- $131.9M
- Total Assets
- $268.0M
- Reserve Months
- 24.4 months
- Surplus / (Deficit)
- $-732,685
- EIN
- 570324906
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $2.3M
- Officer Comp % of Revenue
- 1.72%
The efficiency rubric puts Anderson University at a B grade: a composite of 76/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.
Anderson University is a large nonprofit by U.S. standards: $131.2M in 2023 revenue against $131.9M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the reserves factor, Anderson University scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).
Five-year revenue trajectory is strongly positive: Anderson University has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is modest relative to organizational size: Anderson University reports $2.3M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $131.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Anderson University sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.
How Anderson University Compares
Anderson University earns a NonprofitTruth efficiency grade of B (76/100). That is 12 points above the Education category average. Compensation for current officers and key employees represents 1.72% of total revenue. The organization holds 24.4 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Anderson University reported $131.2M in revenue against $131.9M in total functional expenses for filing year 2023, holding roughly 24.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $2.3M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.72% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Anderson University has a NonprofitTruth Efficiency Score of B (76/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Anderson University, Donor FAQ
Anderson University has a NonprofitTruth Efficiency Score of B (76/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Anderson University reports $2.3M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.72% of the organization's $131.2M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Anderson University reported $131.2M in annual revenue and $131.9M in total expenses for filing year 2023. The organization holds $268.0M in total assets.
Anderson University holds approximately 24.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
Anderson University is a registered 501(c) organization with EIN 570324906, based in Anderson, South Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Education Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.