Husson University
Husson University shows consistent revenue growth and healthy operating surpluses over the past decade.
EIN: 10271210 · Bangor, ME · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $113.5M |
| Total Expenses | $80.5M |
| Program Spending | 85% |
| Net Assets | $110.6M |
| Transparency Score | 85/100 |
Is Husson University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Husson University directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Husson University
Husson University (EIN: 10271210) is a nonprofit organization based in Bangor, ME, classified under NTEE code B500. The organization reported total revenue of $113.5M and total assets of $152.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Husson University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Husson University is a major nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82.0M |
| Total Expenses | $80.5M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $149.6M |
| Total Liabilities | $39.0M |
| Net Assets | $110.6M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 26.0% |
| Months of Reserves | 22.3 months |
Financial Health Grade: A
In 2023, Husson University reported a surplus of $1.4M with revenue exceeding expenses, holds 22.3 months of operating reserves (strong position), has a debt-to-asset ratio of 26.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Husson University's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | -1.6% | -0.5% |
| 2022 | +7.7% | +11.2% | -3.3% |
| 2021 | -1.8% | +1.3% | +9.3% |
| 2020 | +11.2% | +1.3% | +11.1% |
| 2019 | +3.8% | +6.2% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Husson University with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Husson University allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.0%.
Executive Compensation Analysis
The provided data consistently reports 'Officer Comp' as 0% across all filings, which makes it impossible to analyze executive compensation relative to the organization's size or overall expenses without additional information from the full IRS 990 forms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Husson University's IRS 990 filings:
- Lack of detailed executive compensation data in provided summary, making full assessment difficult.
Strengths
The following positive indicators were identified for Husson University:
- Consistent revenue growth over the past decade, from $57M in 2014 to $81M in 2023.
- Healthy operating surpluses in most years, indicating sound financial management (e.g., $1.4M surplus in 2023).
- Significant growth in assets, from $102M in 2014 to $149M in 2023, enhancing long-term stability.
- Stable liability management, with liabilities generally remaining a manageable proportion of assets.
Frequently Asked Questions about Husson University
Is Husson University a legitimate charity?
Based on AI analysis of IRS 990 filings, Husson University (EIN: 10271210) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Husson University spend its money?
Husson University directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Husson University tax-deductible?
Husson University is registered as a tax-exempt nonprofit (EIN: 10271210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Husson University's spending goes to programs?
Husson University directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Husson University compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Husson University is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Husson University located?
Husson University is headquartered in Bangor, Maine and files with the IRS under EIN 10271210. It is classified under NTEE code B500.
How many years of IRS 990 filings does Husson University have?
Husson University has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $113.5M in total revenue.
Is Husson University financially stable?
Yes, Husson University appears financially stable, consistently generating more revenue than expenses. For example, in 2023, revenue was $81,957,246 against expenses of $80,527,066, demonstrating a healthy operating surplus.
How has Husson University's asset base changed over time?
Husson University's assets have shown significant growth, increasing from $102,228,355 in 2014 to $149,562,202 in 2023, indicating strong financial health and investment in its infrastructure.
What is the trend in Husson University's revenue?
Husson University has experienced consistent revenue growth, from $57,014,084 in 2014 to $81,957,246 in 2023, reflecting a growing institution.
Filing History
IRS 990 filing history for Husson University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Husson University's revenue has grown by 80.8%, moving from $45.3M to $82.0M. Total assets increased by 136.3% over the same period, from $63.3M to $149.6M. Total functional expenses rose by 91.8%, from $42.0M to $80.5M. In its most recent filing year (2023), Husson University reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $39.0M in liabilities against $149.6M in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $110.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82.0M | $80.5M | $149.6M | $39.0M | — | View 990 |
| 2022 | $86.5M | $81.8M | $150.3M | $45.4M | — | View 990 |
| 2021 | $80.4M | $73.6M | $155.4M | $50.0M | — | View 990 |
| 2020 | $81.8M | $72.6M | $142.2M | $50.9M | — | View 990 |
| 2019 | $73.6M | $71.7M | $128.0M | $43.7M | — | View 990 |
| 2018 | $70.9M | $67.5M | $124.9M | $42.4M | — | View 990 |
| 2017 | $68.8M | $65.5M | $115.4M | $38.3M | — | View 990 |
| 2016 | $64.6M | $62.3M | $103.6M | $32.0M | — | View 990 |
| 2015 | $62.3M | $60.3M | $103.8M | $33.6M | — | View 990 |
| 2014 | $57.0M | $53.3M | $102.2M | $34.8M | — | View 990 |
| 2013 | $53.2M | $49.0M | $84.1M | $23.2M | — | View 990 |
| 2012 | $50.9M | $46.6M | $78.9M | $24.1M | — | View 990 |
| 2011 | $45.3M | $42.0M | $63.3M | $14.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82.0M, expenses of $80.5M, and assets of $149.6M (revenue -5.3% year-over-year).
- 2022: Revenue of $86.5M, expenses of $81.8M, and assets of $150.3M (revenue +7.7% year-over-year).
- 2021: Revenue of $80.4M, expenses of $73.6M, and assets of $155.4M (revenue -1.8% year-over-year).
- 2020: Revenue of $81.8M, expenses of $72.6M, and assets of $142.2M (revenue +11.2% year-over-year).
- 2019: Revenue of $73.6M, expenses of $71.7M, and assets of $128.0M (revenue +3.8% year-over-year).
- 2018: Revenue of $70.9M, expenses of $67.5M, and assets of $124.9M (revenue +3.0% year-over-year).
- 2017: Revenue of $68.8M, expenses of $65.5M, and assets of $115.4M (revenue +6.5% year-over-year).
- 2016: Revenue of $64.6M, expenses of $62.3M, and assets of $103.6M (revenue +3.6% year-over-year).
- 2015: Revenue of $62.3M, expenses of $60.3M, and assets of $103.8M (revenue +9.3% year-over-year).
- 2014: Revenue of $57.0M, expenses of $53.3M, and assets of $102.2M (revenue +7.2% year-over-year).
- 2013: Revenue of $53.2M, expenses of $49.0M, and assets of $84.1M (revenue +4.5% year-over-year).
- 2012: Revenue of $50.9M, expenses of $46.6M, and assets of $78.9M (revenue +12.2% year-over-year).
- 2011: Revenue of $45.3M, expenses of $42.0M, and assets of $63.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Husson University:
Data Sources and Methodology
This transparency report for Husson University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.