Elon University

Elon, NC, 27244 (336) 278-5428 Est. 1901 EIN 56-0532303

B430 - Education 990 - Public charity return 501(c)(3)

www.elon.edu

Mission

ELON UNIVERSITY'S MISSION IS TO TRANSFORM MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS.

Financials

Total Revenue

$441,401,510

Total Expenses

$435,481,777

Net Assets

$959,979,510

4,885 employees 3,582 volunteers

From latest filing (tax period ending 2025-05-31)

Financial Health

Operating Reserve

2.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 6.9%

Expenses ↑ 9.3%

Revenue Sources

Contributions 5.5% Earned revenue 91.2% Other 3.0%

Expense Breakdown

Program 85.9% Management 12.0% Fundraising 2.1%

Officers & Key Employees (49)

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Grants Received (894)

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Filing History (8 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jun 1, 2024 to May 31, 2025	$441,401,510 ↑	$435,481,777	$959,979,510
2023 990 - Public charity return Jun 1, 2023 to May 31, 2024	$412,993,975 ↑	$398,332,753	$905,405,096
2022 990 - Public charity return Jun 1, 2022 to May 31, 2023	$389,061,937 ↑	$364,591,003	$834,772,748
2021 990 - Public charity return Jun 1, 2021 to May 31, 2022	$374,224,853 ↑	$328,173,984	$803,243,195
2020 990 - Public charity return Jun 1, 2020 to May 31, 2021	$352,222,203 ↑	$303,110,997	$770,621,806
2019 990 - Public charity return Jun 1, 2019 to May 31, 2020	$328,453,491 ↓	$314,796,690	$646,275,264
2018 990 - Public charity return Jun 1, 2018 to May 31, 2019	$333,468,210 ↑	$310,790,295	$642,860,041
2017 990 - Public charity return Jun 1, 2017 to May 31, 2018	$311,393,468	$286,156,692	$611,409,125