BAYLOR UNIVERSITY
WACO, TX 76798 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,558,351,465 | $1,503,719,409 | $3,241,136,213 |
| FY2024 | $1,462,497,006 | $1,410,436,409 | $3,172,075,527 |
| FY2023 | $1,454,111,582 | $1,287,015,356 | $2,999,388,934 |
| FY2022 | $1,400,477,758 | $1,235,241,810 | $2,912,243,465 |
| FY2021 | $1,350,314,650 | $1,234,508,618 | $2,630,727,196 |
| FY2020 | $1,252,666,839 | $1,124,830,604 | $2,106,679,519 |
| FY2019 | $1,090,547,431 | $1,051,569,096 | $1,964,288,195 |
| FY2018 | $1,017,828,223 | $986,058,417 | $1,944,447,179 |
| FY2017 | $992,852,666 | $958,347,871 | $1,848,215,288 |
| FY2016 | $959,622,576 | $903,730,379 | $1,751,917,675 |
| FY2015 | $916,581,695 | $819,739,749 | $1,772,556,357 |
| FY2014 | $840,046,127 | $765,637,747 | $1,713,920,629 |
| FY2013 | $839,998,776 | $713,534,165 | $1,574,869,366 |
| FY2012 | $749,081,823 | $661,974,576 | $1,369,919,882 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $117,129,976 | 8% |
| Program service revenue | $1,296,161,338 | 92% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,231,376,481 | 82% |
| Management & general | $254,558,915 | 17% |
| Fundraising | $17,784,013 | 1% |
What the numbers show
- Program service revenue made up 92% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 17%, and fundraising 1%.
- 82% of functional expenses went to program services in FY2025. That is higher than 41.5% of 236 Education organizations in TX.
- Net assets covered about 25.9 months of expenses at the end of the reporting year. That puts it in the 67th percentile among 4184 Education organizations in TX.
- Total revenue was higher than 100% of 4318 Education organizations in TX.
- Total revenue rose from $749,081,823 in FY2012 to $1,558,351,465 in FY2025, Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $1,369,919,882 to $3,241,136,213 between FY2012 and FY2025.
- Contributions and grants made up 15% of revenue in FY2012 and 8% in FY2025.
- Donations are generally tax-deductible (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
IRS status
| Ruling year | 1991 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in TX) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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