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Kentucky · Nonprofit

ASBURY COLLEGE

ASBURY COLLEGE (Kentucky) receives grants from 85 organizations whose IRS filings report $13,037,544 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($5,776,653). 49 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$64M
Funders on record
85
Grants received
$13M
Net assets
$174M
49/85 repeat funderspeak grant-dependency 4%
01What it does

What Asbury College does

Mission

Asbury university equips students, through academic excellence and spiritual vitality, for lifelong learning, leadership, and service to the professions, society, the family and the church, preparing them to engage their cultures and advance the cause of christ worldwide.

As stated on its FY2025 Form 990.

Program

  1. Asbury university is a christian liberal arts university. The college was founded in 1890 and is accredited by the southern association of colleges and schools, the national assocation of schools of music, and the teacher education program by the kentucky department of education. The college operates a main campus in wilmore, ky and a virtual campus for on-line learning, providing education for approximately 1,927 students.

    $56,611,005 spentof which $20,060,188 as grants$53,095,660 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $56,611,005.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($55M) Expenses 100 ($52M) Net assets 100 ($121M)2018 Revenue 98 ($54M) Expenses 104 ($54M) Net assets 102 ($123M)2019 Revenue 106 ($58M) Expenses 105 ($54M) Net assets 106 ($128M)2020 Revenue 96 ($53M) Expenses 104 ($54M) Net assets 104 ($126M)2021 Revenue 133 ($73M) Expenses 106 ($55M) Net assets 128 ($155M)2022 Revenue 127 ($69M) Expenses 109 ($56M) Net assets 129 ($156M)2023 Revenue 113 ($62M) Expenses 114 ($59M) Net assets 134 ($162M)2024 Revenue 122 ($67M) Expenses 122 ($63M) Net assets 141 ($171M)2025 Revenue 117 ($64M) Expenses 125 ($64M) Net assets 144 ($174M)
'17'18'19'20'21'22'23'24'25
Revenue (117)Expenses (125)Net assets (144)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $144M to $170M (+18%).

$137M
$138M
$142M
$144M
$170M
$170M
$177M
$184M
$190M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 2% · 2021 9% · 2022 4% · 2023 10% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

10% of ASBURY COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$3.1M
’17
−$332k
’18
$3.7M
’19
−$925k
’20
$18M
’21
$13M
’22
$3.1M
’23
$3.6M
’24
−$411k
’25
0.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Larry D Brown

Board Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed273228292729303231
Joined·+12+2+5+4+4+5+3+5
No longer listed·76462416
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 12 funders to 36 funders, grant income rose $862k → $2.6M.

22 of 85 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 65% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ASBURY COLLEGE’s funders (the co-funder graph). Top 30 of 85 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ASBURY COLLEGE leans on a few funders — its largest provides 44% of grant income and the top three 69%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

68% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASBURY COLLEGE.

44%
largest funder
69%
top three
~4
effective funders

Largest funder’s share by year: 2017 59% · 2018 57% · 2019 48% · 2020 62% · 2021 39% · 2022 38% · 2023 56% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

48% of ASBURY COLLEGE's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

65% of ASBURY COLLEGE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $4.5M that is directly attributable, 52% of it comes from Kentucky funders.

MT
MN
WI
MI
NY
MA
IN
OH
PA
NJ
CT
RI
CA
MO
KY
VA
AZ
AR
TN
NC
DC
OK
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Kentucky out of state home

Funder states come from each funder’s own filing. $8.5M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ASBURY COLLEGE's revenue grew 17% between 2017 and 2025.

Operating margin−1% · below the median
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Government funding ASBURY COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $7.0M on record — $6.8M federal, $226k state.

Federal$6.8M
grants $6.8Mcontracts $0
20
21
24
Top agencies
  • Department of Education$6.6M
  • Appalachian Regional Commission$230k
State$226k
04
05
06
07
08
09
10
22
24
25
By state
  • MA$119k
  • NJ$107k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like ASBURY COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 9%Fundraising 3%

Governance

23
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 2 states

OR
KY

Screen this organization

A dated, signed PDF of the compliance screen for ASBURY COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASBURY COLLEGE?
ASBURY COLLEGE (Kentucky) receives grants from 85 organizations whose IRS filings report $13,037,544 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($5,776,653). 49 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does ASBURY COLLEGE have?
IRS filings report 85 organizations giving $13,037,544 in grants to ASBURY COLLEGE, 49 of which have funded it in more than one year.
Who is the largest funder of ASBURY COLLEGE?
NATL CHRISTIAN CHARITABLE FDN INC is the largest funder on record, with $5,776,653 in grants. The full list of funders is on this page.
How can an organization like ASBURY COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Asbury College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 85 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing