Asbury College is a 501(c)(3) organization based in Wilmore, Kentucky, registered in 1934, with $63,995,895 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
Revenue (FY2024)
$64.0M
▼ 3.8% vs prior year
Education median: $200K
Expenses (FY2024)
$64.4M
Net assets
$174.5M
Employees
1,244
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Asbury College: 88% to programs · $32 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asbury College: 33 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Asbury College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asbury College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A christian liberal arts university committed to academic excellence and spiritual vitality equipping students for a lifetime of learning, leadership, and service.
Revenue grew from $49.3M (FY2013) to $64.0M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-0.6%
Spent more than it raised in the latest fiscal year.
Total assets
$190.4M
Total liabilities
$15.9M
Net assets
$174.5M
Salaries & benefits
$24.3M
38% of expenses
Board members
23
23 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,995,895▼3.8% | $64,406,446▲2.3% | $174,478,011▲2.3% | $190,397,269▲3.3% | 990 |
| 2023 | $66,549,803▲7.9% | $62,951,695▲7.4% | $170,569,626▲5.4% | $184,366,354▲4.4% | 990 |
| 2022 | $61,685,781▼11.1% | $58,632,031▲4.1% | $161,889,045▲3.8% | $176,637,593▲4.1% | 990 |
| 2021 | $69,387,747▼5.0% | $56,347,315▲3.1% | $155,894,201▲0.6% | $169,761,805▼0.2% | 990 |
| 2020 | $73,010,633▲38.8% | $54,659,350▲2.1% | $155,002,682▲23.4% | $170,047,358▲18.0% | 990 |
| 2019 | $52,608,542▼9.1% | $53,533,398▼1.2% | $125,631,532▼1.7% | $144,144,761▲1.5% | 990 |
| 2018 | $57,848,599▲8.1% | $54,180,208▲0.6% | $127,842,112▲3.8% | $142,043,154▲2.8% | 990 |
| 2017 | $53,505,813▼2.3% | $53,837,967▲4.2% | $123,160,613▲1.8% | $138,217,179▲1.0% | 990 |
| 2016 | $54,746,280▼5.2% | $51,655,119▲2.6% | $121,041,688▲5.1% | $136,786,769▲4.2% | 990 |
| 2015 | $57,764,487▼9.1% | $50,347,163▼1.4% | $115,186,266▲4.0% | $131,296,216▲3.3% | 990 |
| 2014 | $63,528,875▲28.9% | $51,056,036▲8.8% | $110,776,971▲9.5% | $127,157,972▲10.6% | 990 |
| 2013 | $49,295,505 | $46,905,400▲5.9% | $101,166,810▲7.2% | $114,982,941▲5.3% | 990 |
| 2012 | — | $44,295,367▲7.6% | $94,407,597▲6.8% | $109,171,749▲4.9% | 990 |
| 2011 | — | $41,180,656▲1.7% | $88,367,039▲2.8% | $104,088,312▲1.0% | 990 |
| 2010 | — | $40,484,048▲5.6% | $85,972,695▲7.4% | $103,094,918▲4.3% | 990 |
| 2009 | — | $38,344,742 | $80,047,914 | $98,843,695 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Dr Kevin J Brown — $276,795 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Kevin J Brown | President | 40 | $276,795 |
| Dr Sherry Powers | Provost | 40 | $141,578 |
| Mark Whitworth | Vp For Intercollegiate Athletics | 40 | $124,479 |
| Dr Mark Troyer | Vp For Institutional Advancement | 40 | $118,886 |
| Jennifer Mcchord | Vp For Enrollment Management | 40 | $108,217 |
| Glenn Hamilton | Vp For Operations | 40 | $107,863 |
| Dale L Jarrard | Associate Vp For Advancement | 40 | $100,347 |
| Dr Sarah Baldwin | Vp For Student Development | 40 | $96,143 |
| Andrew J Coleman | Vice Chair | 2 | — |
| Ashleigh Lindsay-behnke | Trustee | 2 | — |
| Ce Crouse Jr | Trustee | 2 | — |
| Cindy-lou Drummond | Trustee | 2 | — |
| Delvin J Pikes | Trustee | 2 | — |
| Dr Oj Oleka | Trustee | 2 | — |
| Dr Stephen K Toadvine | Trustee | 2 | — |
| Elaine A Bernius | Secretary | 2 | — |
| Jamie C Higdon | Trustee | 2 | — |
| Janine C Jones | Trustee | 2 | — |
| Jeffrey E Stryker | Trustee | 2 | — |
| John G Rinehimer | Trustee | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Denham-blythe Company Inc | Construction | $3,074,946 |
| Fresh Ideas | Food Service | $3,010,163 |
| Brett Construction Company | Construction | $439,701 |
| Hager Construction Company Inc | Construction | $348,820 |
| Gold Shield Limousine Co Inc | Transportation | $290,388 |
94 grants to Asbury College totaling $10.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $620,935 |
| Giveclear Foundation | Program support | 2024 | $45,970 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $24,518 |
| Charities Aid Foundation America | Charitable donation | 2024 | $12,271 |
| Community Foundation of North Texas | For general purposes | 2024 | $10,000 |
| American Endowment Foundation | Educational | 2024 | $7,500 |
| National Christian Charitable Foundation | Growth | 2023 | $1,449,171 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $125,070 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $122,981 |
| Gulf Coast Community Foundation Inc | Education | 2023 | $26,492 |
| Donor Advised Charitable Giving | Education | 2023 | $17,500 |
| Giveclear Foundation | Program support | 2023 | $17,380 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $16,250 |
| American Online Giving Foundation Inc | General support | 2023 | $16,122 |
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Data for Asbury College (EIN 61-0458355) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.