National University: $400.2M Revenue, $535.9M Expenses

National University earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 60/100.

Annual revenue at National University runs $400.2M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Reserves are the limiting factor: National University carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. National University reported $400.2M in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: National University reports $6.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $400.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, National 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.