Education
(B420)
IRS Verified
DX Registered
990 on File
MCKENDREE UNIVERSITY
Financial strength (30%)
91/100
Reliability (20%)
55/100
Effectiveness (25%)
93/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of McKendree University is to provide a high quality educational experience to outstanding students. We guide our students in the pursuit of academic excellence which will prepare them for leadership roles in our society. To achieve this end we encourage broader vision, enriched purpose, engagement with community, commitment to responsible citizenship, openness to new ideas and dedication to lifelong learning. In keeping with our history and traditions, we provide our students with a rigorous, broadly based liberal arts curricula joined with specialization in a specific discipline.
Financial Overview — FY 2023
$63.6M
Total Revenue
$65.8M
Total Expenses
$63.5M
Net Assets
864
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.2%
Fundraising Efficiency
N/A
Operating Reserve
11.57x
Liability-to-Asset
40.0%
Revenue Diversification
86.5%
Executive Compensation
$471K
Compared with Peers
FY 2023
Compared with 3,578 similar organizations
(United States, Education, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.2% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.5% | 13.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.3% | 0.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.6 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
40.0% | 34.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
86.5% | 87.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
6.9% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.1% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.5% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $63.6M | $65.8M | $63.5M | 82.2% | 864 |
| 2022 | $59.5M | $60.4M | $62.6M | 82.9% | 475 |
| 2021 | $67.9M | $59.5M | N/A | — | 913 |
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