Education (B500) IRS Verified DX Registered 990 on File

NORTH CENTRAL UNIVERSITY

EIN: 41-0706151 · MINNEAPOLIS, MN 55404-1322 · United States · FY 2025 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

North Central University is a Christ-centered, Bible-based, Pentecostal school with a commitment to academic excellence that prepares students to fulfill biblical models of leadership and ministry throughout the world. (Ephesians 4:11-12)

Financial Overview — FY 2025

$32.3M

Total Revenue

$32.5M

Total Expenses

$35.7M

Net Assets

644

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 87.6%

Fundraising Efficiency N/A

Operating Reserve 13.20x

Liability-to-Asset 27.5%

Revenue Diversification 92.2%

Executive Compensation $534K

Compared with Peers

FY 2025

Compared with 1,600 similar organizations (United States, Education, $10M–$100M in expenses), FY 2025.

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	87.6%	84.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	11.4%	13.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.9%	0.5%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	13.2 mo	10.5 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	27.5%	32.5%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	92.2%	88.2%	P10P90	Below median
Revenue growth Year over year revenue growth	-8.4%	5.8%	P10P90
Expense growth Year over year expense growth	-11.3%	5.7%	P10P90
Surplus margin Surplus as a share of revenue	-0.5%	3.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$32.3M	$32.5M	$35.7M	87.6%	644
2024	$35.3M	$36.7M	$35.9M	86.4%	664
2023	$35.1M	$37.1M	$36.9M	86.5%	702
2022	$37.8M	$37.6M	$39.8M	88.1%	715
2021	$37.0M	$37.5M	N/A	—	708

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Organization Details

EIN: 41-0706151
State: MN
City: MINNEAPOLIS
ZIP: 55404-1322
Classification: B500
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2006
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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