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Faulkner University

Montgomery, Alabama · EIN 63-0329409 · Education · tax-exempt since 1950

B

Charity Clarity grade B (score 70.0 of 100), based on the Form 990 for the year ended May 2025.

Graded against 10,640 education nonprofits with revenue over $50M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.13.4 months86
GovernanceBoard independence, key policies and audit, per the 990.71% of practices71
Margin stabilityHow steady the surplus or deficit is year to year.66
Revenue spreadHow much revenue rests on one type of income.23% from one source32
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.96.6%not scored
Management costsShare of spending.1.5%not scored
Cost to raise $1Fundraising cost per dollar given.$0.06not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201620172018201920212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
May 2025Form 990$84.29M$74.45M$9.84M$82.92M13.41,012B
May 2024Form 990$83.64M$71.30M$12.34M$72.18M12.11,033C
May 2023Form 990$65.62M$65.60M$24K$57.69M10.6982B
May 2022Form 990$70.14M$66.26M$3.88M$58.40M10.6951C
May 2021Form 990$67.08M$59.86M$7.23M$55.54M11.1928C
May 2019Form 990$55.38M$55.74M−$366K$47.78M10.31,045A
May 2018Form 990$55.84M$55.94M−$96K$47.58M10.21,025A
May 2017Form 990$58.11M$56.54M$1.57M$47.50M10.11,050B
May 2016Form 990$55.90M$56.74M−$838K$44.98M9.51,041A

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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