Graceland University
1 University Pl, Lamoni, IA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $37,898,936 | $50,561,758 | $77,183,193 |
| FY2024 | $46,842,904 | $56,963,511 | $91,230,644 |
| FY2023 | $50,308,072 | $51,569,400 | $98,018,976 |
| FY2022 | $55,864,312 | $51,937,530 | $100,859,224 |
| FY2021 | $58,033,859 | $48,791,288 | $89,482,317 |
| FY2020 | $53,087,016 | $51,106,656 | $61,085,214 |
| FY2019 | $60,522,676 | $52,935,497 | $70,375,240 |
| FY2018 | $59,783,390 | $55,313,019 | $69,511,576 |
| FY2017 | $56,255,280 | $55,700,936 | $63,387,617 |
| FY2016 | $55,485,930 | $55,375,462 | $55,088,532 |
| FY2015 | $57,678,425 | $55,320,939 | $60,552,528 |
| FY2014 | $52,202,922 | $54,494,889 | $61,411,594 |
| FY2013 | $55,914,175 | $52,433,588 | $63,817,778 |
| FY2012 | $53,449,375 | $49,633,815 | $53,961,483 |
Form 990 filings
The returns filed by Graceland University (EIN 42-0707114), 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 | $6,771,734 | 18% |
| Program service revenue | $29,079,750 | 77% |
| Other revenue | $2,047,452 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $43,588,887 | 86% |
| Management & general | $5,074,563 | 10% |
| Fundraising | $1,898,308 | 4% |
What the numbers show
- Program service revenue made up 77% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 10%, and fundraising 4%.
- 86% of functional expenses went to program services in FY2025. That is higher than 50% of 38 Education organizations in IA.
- Net assets covered about 18.3 months of expenses at the end of the reporting year. That puts it in the 41st percentile among 635 Education organizations in IA.
- Total revenue was higher than 95.6% of 643 Education organizations in IA.
- Total revenue fell from $53,449,375 in FY2012 to $37,898,936 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2014, FY2023, FY2024, FY2025).
- The highest revenue on record here is $60,522,676 in FY2019.
- Net assets grew from $53,961,483 to $77,183,193 between FY2012 and FY2025.
- Contributions and grants made up 26% of revenue in FY2012 and 18% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
SEE SCHEDULE OTHE PRIMARY MISSION OF GRACELAND UNIVERSITY IS TO BE A LEARNING COMMUNITY, WHERE STUDENTS DEVELOP THEIR POTENTIAL FOR MEANINGFUL AND PRODUCTIVE LIVES THROUGH INTELLECTUAL, PHYSICAL, SOCIAL AND SPIRITUAL GROWTH.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in IA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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