William Carey University
William Carey University reported $125.1 million in revenue and $108.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.65 went to program services, $11.47 to management and general costs and $0.88 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.9% of the total. Government grants made up 9.5%. The highest compensation it reported for one person was $557,329 (PROFESSOR OF CLINICAL SCIENCES AND DEAN OF COLLEGE OF OSTEOPATHIC MEDICINE). 66 people received more than $100,000 in reportable compensation. Revenue rose 60% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $108MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $125MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 15.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $557,329 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.51% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 66 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 23 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseAcademic programs the university maintains undergraduate and graduate programs at three sites. Enrollment has grown to include an average of over 5,500 students per session. The university designs and operates its programs to encourage each student to develop his/her highest potential in liberal arts and/or professional education
Student aid direct aid to students primarily from institutional funds
Auxiliary enterprises include dining, housing, and athletics. Auxiliary programs provide housing and dining services for the students who need or want to live on campus. The athletic programs encourage loyalty to the university and a sense of unity among students and faculty. In providing these programs, the university encourages the exercise of student talent, which enhances the learning experiences of the students involved
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PROFESSOR OF CLINICAL SCIENCES AND DEAN OF COLLEGE OF OSTEOPATHIC MEDICINE Key employee, 40.0 hrs/week | $533,660 | $0 | $23,669 | $557,329 |
| PROFESSOR OF EDUCATION; PRESIDENT AND CHIEF EXECUTIVE OFFICER Officer, 40.0 hrs/week | $296,906 | $0 | $36,708 | $333,614 |
| ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND ASSOCIATE DEAN OF CLINICAL SCIENCES Highest compensated employee, 40.0 hrs/week | $266,035 | $0 | $16,569 | $282,604 |
| ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND CHAIR OF OMM Highest compensated employee, 40.0 hrs/week | $255,506 | $0 | $15,963 | $271,469 |
| PROFESSOR OF PRECLINICAL SCIENCES Highest compensated employee, 40.0 hrs/week | $217,047 | $0 | $17,571 | $234,618 |
| ASSISTANT PROFESSOR OF CLINICAL SCIENCES; DIRECTOR, OMM SCHOLARS PROGRAM Highest compensated employee, 40.0 hrs/week | $218,196 | $0 | $13,081 | $231,277 |
| ASSOCIATE PROFESSOR OF CLINICAL SCIENCES Highest compensated employee, 40.0 hrs/week | $207,360 | $0 | $17,350 | $224,710 |
| PROFESSOR OF NURSING; VICE PRESIDENT, COLLEGE OF HEALTH SCIENCES Key employee, 40.0 hrs/week | $177,429 | $0 | $23,552 | $200,981 |
66 people received more than $100,000 in reportable compensation from William Carey University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 23 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,378
- Volunteers Part I, line 628
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HANCO CORPORATION Construction Services | $8,857,669 |
| SULLIVAN ENTERPRISES INC Construction Services | $3,878,347 |
| Zest Dining Service Food Services | $3,062,658 |
| MITCHCO CONSTRUCTION INC Construction services | $1,289,619 |
Individuals listed as contractors are left out. 45 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to William Carey University totaling $84,840 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from William Carey University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for William Carey University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 William Carey University spent in FY2025, $87.65 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Grove City CollegeGrove City, PA · revenue $125M · programs 80.2% · FY2025
- Alfred UniversityAlfred, NY · revenue $125M · programs 88.4% · FY2025
- University of EvansvilleEvansville, IN · revenue $124M · programs 91.8% · FY2025
- Washington State University FoundationPullman, WA · revenue $125M · programs 75.0% · FY2025
- The Florida State University FoundationTallahassee, FL · revenue $124M · programs 63.0% · FY2025
Questions people ask
How much of William Carey University's spending goes to programs?
In the fiscal year ending June 30, 2025, William Carey University reported that 87.6% of its $108.3 million in expenses went to program services, 11.5% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does William Carey University pay its top executive?
The largest total compensation William Carey University reported for one person in the fiscal year ending June 30, 2025 was $557,329, for the role of PROFESSOR OF CLINICAL SCIENCES AND DEAN OF COLLEGE OF OSTEOPATHIC MEDICINE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does William Carey University get its money?
Of $125.1 million in revenue in the fiscal year ending June 30, 2025, 15.3% came from contributions and grants (including 9.5% from government grants) and 80.9% from program service revenue (Form 990, Part VIII).
Is William Carey University a registered charity?
The IRS lists EIN 64-0329300 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631599349301638 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541279349301124 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349307389 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202213469349300341 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133409349300723 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003379349300805 · read the filing
All filings for EIN 64-0329300: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.