Liberty University Inc
85% goes to programs $21 to raise $100 Strong reserves Growing revenue
Liberty University Inc is a 501(c)(3) organization based in Lynchburg, Virginia, registered in 1974, with $1,802,305,808 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
1971 University Blvd, Lynchburg, VA, 24515 EIN 54-0946734 Since 1974
Revenue (FY2023)
$1.8B
▲ 15.1% vs prior year
Education median: $200K
Expenses (FY2023)
$1.5B
Net assets
$4.3B
Employees
13,097
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $21 to raise $100
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 Liberty University Inc: 85% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +19% margin
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 Liberty University Inc: 35 mo reserves · +19% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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 Liberty University Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Liberty University Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Liberty university, inc. is a distinctively christian academic community, with a mission of providing quality collegiate education training champions for christ.
What they do
Liberty university maintains a campus bookstore, housing and dining facilities, transportation services, athletic facilities, broadcasting facilities and other support services and facilities adding to the student experience.
Contact & location
- Address
- 1971 University Blvd, Lynchburg, VA, 24515
- City
- Lynchburg
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $988.9M (FY2013) to $1.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $308.7MNet assets $4.3B
Operating margin
19.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.6B
Total liabilities
$308.7M
Net assets
$4.3B
Salaries & benefits
$626.1M
43% of expenses
Board members
29
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,802,305,808▲15.1% | $1,456,869,886▲5.5% | $4,303,348,302▲11.8% | $4,612,068,688▲10.9% | 990 |
| 2022 | $1,565,676,548▼1.8% | $1,381,066,428▲7.6% | $3,848,582,398▲9.1% | $4,157,125,287▲4.1% | 990 |
| 2021 | $1,594,106,664▲5.2% | $1,284,086,793▲10.2% | $3,526,981,986▲1.9% | $3,991,603,424▲1.5% | 990 |
| 2020 | $1,515,953,706▲12.8% | $1,165,679,488▲6.6% | $3,460,938,851▲18.9% | $3,931,030,973▲16.7% | 990 |
| 2019 | $1,343,657,390▲4.2% | $1,093,741,798▲9.3% | $2,909,719,895▲7.9% | $3,367,494,352▲7.7% | 990 |
| 2018 | $1,289,595,085▲11.2% | $1,001,115,779▲10.4% | $2,696,700,668▲13.3% | $3,127,381,424▲11.2% | 990 |
| 2017 | $1,159,314,971▲4.3% | $906,520,205▲3.3% | $2,380,491,718▲13.1% | $2,812,938,906▲9.4% | 990 |
| 2016 | $1,111,310,499▲4.8% | $877,282,413▲3.9% | $2,104,009,842▲15.9% | $2,571,559,687▲13.5% | 990 |
| 2015 | $1,060,105,120▲5.8% | $844,586,108▲8.5% | $1,814,742,657▲11.6% | $2,265,165,058▲9.3% | 990 |
| 2014 | $1,001,828,550▲1.3% | $778,497,912▲10.3% | $1,626,230,162▲13.9% | $2,072,987,998▲12.2% | 990 |
| 2013 | $988,883,153 | $705,889,580▲14.6% | $1,427,331,809▲29.1% | $1,847,567,734▲18.1% | 990 |
| 2012 | — | $616,193,457▲13.3% | $1,105,937,068▲29.9% | $1,564,185,422▲22.7% | 990 |
| 2011 | — | $543,795,594▲28.0% | $851,296,793▲33.5% | $1,274,806,592▲35.6% | 990 |
| 2010 | — | $424,850,148▲13.7% | $637,467,416▲46.4% | $940,284,054▲53.7% | 990 |
| 2009 | — | $373,627,109 | $435,303,885 | $611,871,607 | 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.
Leadership & compensation (FY2023)
Highest-paid: Mr James Chadwell — $5,877,112 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr James Chadwell | Head Coach - Football | 55 | $5,877,112 |
| Mr Ritchie L Mckay | Head Coach - Basketball | 55 | $1,857,202 |
| Mr Ian Mccaw | Vp & Director of Athletics | 55 | $905,748 |
| Pastor Jonathan Falwell | Trustee/chancellor | 30 | $822,573 |
| Dr Jerry Prevo | Trustee/president Emeritus | 42 | $784,082 |
| Dr Robert Ritz | Chief Fin. Officer/treasurer | 53 | $732,062 |
| Dr Dondi Costin | Trustee/president | 55 | $556,191 |
| Dr Ronald Kennedy | Evp For Enrollment & Marketing | 55 | $548,194 |
| Mr John Curtis | Assistant Coach - Football | 55 | $495,102 |
| Mr David Corry | General Counsel/secretary | 55 | $475,845 |
| Dr Scott Hicks | Provost & Chief Academic Off. | 54 | $469,749 |
| Mr William Korn | Assistant Coach - Football | 55 | $455,962 |
| Mr John Gauger | Cio & Evp Analytics | 55 | $430,716 |
| Dr Mark F Horstemeyer | Dean, School of Engineering | 55 | $420,530 |
| Mrs Cindy Gaebe | Svp of Fin.& Chief Invest Off. | 50 | $391,544 |
| Mr Steve Foster | Evp of Human Resources | 55 | $369,528 |
| Mr Daniel Deter | Vp of Major Construction | 55 | $316,428 |
| Mr Charles Spence | Svp of Campus Facilities & Tra | 54.5 | $285,733 |
| Mr Daniel Applewhite | Deputy Gen. Counsel/asst. Secy | 55 | $269,162 |
| Mr Don Moon | Former Key Employee | 40 | $268,713 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Mgmt Inc-liberty Uni Loca | Food Service | $34,218,186 |
| Google LLC | Advertising | $34,102,110 |
| James R Vannoy Sons Constr Co In | Construction | $21,408,984 |
| Central Virginia Family Physicians | Health Services | $16,577,394 |
| The Whiting-tuner Contracting Compa | Construction | $12,298,073 |
Grants received · $16.3M total
124 grants to Liberty University Inc totaling $16.3M, 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 | $305,300 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $100,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $26,316 |
| American Online Giving Foundation Inc | General support | 2024 | $19,891 |
| The Seattle Foundation | To support the old time gospel hour. | 2024 | $11,405 |
| Foundation For the Carolinas | Charitable gift | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $9,090 |
| American Endowment Foundation | Educational | 2024 | $9,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $1,205,781 |
| National Christian Charitable Foundation | Growth | 2023 | $438,300 |
| Tulsa Community Foundation | Scholarships | 2023 | $253,392 |
| National Philanthropic Tr | Health | 2023 | $115,500 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2023 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $54,430 |
Grants made · $905K in FY2023
15 grants totaling $905K in FY2023. All grants made by Liberty University Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Liberty Counsel Inc | Supportive christian organization | $265,153 |
| Lynchburg Beacon of Hope | Community support | $202,250 |
| Liberty University Foundation | Supportive christian organization | $200,000 |
| Thomas Road Baptist Church | Supportive christian organization | $93,710 |
| Old Time Gospel Hour Inc | Supportive christian organization | $35,500 |
| City of Lynchburg Police Foundation Inc | Community support | $25,000 |
| High Point University | Supportive christian organization | $20,726 |
| The Lynchburg Public Schools Education Foundation Inc | Community support | $10,000 |
| Promise Ranch LLC | Supportive christian organization | $10,000 |
| Miller Home of Lynchburg Va | Supportive christian organization | $10,000 |
| Kiwanis Club of Lynchburg Foundtn | Community support | $7,686 |
| Hope Partners International | Supporting christian organization | $7,426 |
| Hope Out Loud | Supportive christian organization | $6,229 |
| Blue Ridge Pregnancy Center | Supportive christian organization | $5,960 |
| Campus Crusade For Christ Inc | Supportive christian organization | $5,263 |
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Frequently asked questions
- Is Liberty University Inc a legitimate nonprofit?
- Yes. Liberty University Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0946734, based in Lynchburg, Virginia. Donations are tax-deductible.
- What is Liberty University Inc's EIN?
- Liberty University Inc's Employer Identification Number (EIN) is 54-0946734.
- How much revenue does Liberty University Inc report?
- Liberty University Inc reported $1,802,305,808 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Liberty University Inc's spending goes to programs?
- Liberty University Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Liberty University Inc have?
- CharityIndex grades Liberty University Inc A, based on program efficiency and fundraising cost.
- How much does Liberty University Inc's highest-paid employee make?
- The highest reported compensation on Liberty University Inc's latest Form 990 is $5,877,112, paid to Mr James Chadwell (Head Coach - Football).
More nonprofits in Lynchburg
Explore more
Data for Liberty University Inc (EIN 54-0946734) 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.