Mount Vernon Nazarene University
800 Martinsburg Rd, Mount Vernon, OH · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $69,234,477 | $71,980,344 | $88,461,918 |
| FY2024 | $60,940,732 | $65,171,011 | $90,239,465 |
| FY2023 | $65,850,690 | $64,990,645 | $92,704,280 |
| FY2022 | $63,465,382 | $64,716,074 | $90,177,858 |
| FY2021 | $70,192,718 | $61,289,266 | $96,351,107 |
| FY2020 | $60,602,306 | $59,542,938 | $83,530,915 |
| FY2019 | $2,994,734 | $4,789,140 | $82,560,841 |
| FY2018 | $57,023,867 | $55,849,314 | $82,024,582 |
| FY2017 | $56,085,136 | $54,223,616 | $80,028,537 |
| FY2016 | $54,863,133 | $50,890,613 | $76,599,932 |
| FY2015 | $55,793,573 | $51,020,020 | $73,093,392 |
| FY2014 | $56,732,662 | $51,276,402 | $68,016,909 |
| FY2013 | $51,380,464 | $50,169,969 | $61,891,035 |
| FY2012 | $51,971,013 | $51,337,915 | $59,325,061 |
Form 990 filings
The returns filed by Mount Vernon Nazarene University (EIN 31-0725957), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $5,606,062 | 8% |
| Program service revenue | $59,685,037 | 86% |
| Other revenue | $3,943,378 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $62,566,060 | 87% |
| Management & general | $8,300,287 | 12% |
| Fundraising | $1,113,997 | 2% |
What the numbers show
- Program service revenue made up 86% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 12%, and fundraising 2%.
- 87% of functional expenses went to program services in FY2025. That is higher than 49.6% of 119 Education organizations in OH.
- Net assets covered about 14.7 months of expenses at the end of the reporting year. That puts it in the 52nd percentile among 2291 Education organizations in OH.
- Total revenue was higher than 98.8% of 2337 Education organizations in OH.
- Total revenue rose from $51,971,013 in FY2012 to $69,234,477 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2019, FY2022, FY2024, FY2025).
- The highest revenue on record here is $70,192,718 in FY2021.
- Net assets grew from $59,325,061 to $88,461,918 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Mount Vernon Nazarene University is an accredited four-year liberal arts University that confers two- and four-year degrees and graduate degrees in a variety of academic disciplines.
IRS status
| Ruling year | 1963 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in OH) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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