Newman University Inc
3100 W McCormick Ave, Wichita, KS · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $44,932,713 | $45,672,889 | $50,938,627 |
| FY2024 | $43,037,694 | $44,828,406 | $49,924,901 |
| FY2023 | $41,003,574 | $43,612,257 | $49,917,797 |
| FY2022 | $40,918,190 | $42,589,936 | $52,168,596 |
| FY2021 | $43,383,966 | $42,589,264 | $58,750,961 |
| FY2020 | $42,694,112 | $41,737,334 | $51,968,216 |
| FY2019 | $41,568,857 | $43,372,034 | $51,586,914 |
| FY2018 | $43,538,898 | $43,826,260 | $54,012,804 |
| FY2017 | $41,919,450 | $41,063,396 | $55,145,274 |
| FY2016 | $44,720,081 | $40,016,150 | $53,013,239 |
| FY2015 | $43,163,418 | $39,193,466 | $49,059,897 |
| FY2014 | $44,679,175 | $39,000,821 | $46,082,250 |
| FY2012 | $36,997,565 | $34,714,837 | $36,789,741 |
| FY2011 | $33,197,203 | $33,087,493 | $35,507,552 |
Form 990 filings
The returns filed by Newman University Inc (EIN 48-0556716), 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 | $5,661,544 | 13% |
| Program service revenue | $36,875,139 | 82% |
| Other revenue | $2,396,030 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $35,836,163 | 78% |
| Management & general | $8,962,740 | 20% |
| Fundraising | $873,986 | 2% |
What the numbers show
- Program service revenue made up 82% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 20%, and fundraising 2%.
- 78% of functional expenses went to program services in FY2025. That is higher than 30.6% of 36 Education organizations in KS.
- Net assets covered about 13.4 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 521 Education organizations in KS.
- Total revenue was higher than 98.7% of 526 Education organizations in KS.
- Total revenue rose from $33,197,203 in FY2011 to $44,932,713 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2018, FY2019, FY2022, FY2023, FY2024, FY2025).
- Net assets grew from $35,507,552 to $50,938,627 between FY2011 and FY2025.
- Contributions and grants made up 3% of revenue in FY2011 and 13% in 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
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in KS) |
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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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