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Indiana · Nonprofit

MANCHESTER UNIVERSITY INC

MANCHESTER UNIVERSITY INC (Indiana) receives grants from 70 organizations whose IRS filings report $19,148,668 to it, the largest being LILLY ENDOWMENT INC ($15,182,000). 40 of them have funded it in more than one year.

Revenue FY2025
$88M
Funders on record
70
Grants received
$19M
Net assets
$151M
40/70 repeat funderspeak grant-dependency 3%
01What it does

What Manchester University Inc does

Mission

Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition.

As stated on its FY2025 Form 990.

Programs

  1. Manchester University offers more than 70 areas of undergraduate study, five master's programs (Accountancy, Business Administration, Athletic Training, Pharmacogenomics and Nutrigenomics), and two professional degrees (Doctorate in Pharmacy and Doctorate in Physical Therapy) to about 1,200 students from 26 states and 5 countries. The independent, liberal arts school is located in North Manchester, Ind., where 72 percent of the students live on the 120-acre campus. Our professional degrees, as well as the Athletic Training and Pharmacogenomics master's programs, are on a Fort Wayne, Ind., campus.

    $62,190,754 spentof which $26,984,860 as grants$52,412,882 earned by the program
    100% of program spending

  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $62,190,754.

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 ($72M) Expenses 100 ($73M) Net assets 100 ($131M)2018 Revenue 114 ($82M) Expenses 100 ($73M) Net assets 101 ($131M)2019 Revenue 102 ($73M) Expenses 101 ($74M) Net assets 101 ($132M)2020 Revenue 95 ($68M) Expenses 95 ($69M) Net assets 99 ($130M)2021 Revenue 101 ($72M) Expenses 96 ($70M) Net assets 113 ($148M)2022 Revenue 104 ($75M) Expenses 96 ($71M) Net assets 109 ($143M)2023 Revenue 88 ($63M) Expenses 94 ($69M) Net assets 109 ($142M)2024 Revenue 88 ($63M) Expenses 96 ($70M) Net assets 107 ($139M)2025 Revenue 123 ($88M) Expenses 100 ($73M) Net assets 116 ($151M)
'17'18'19'20'21'22'23'24'25
Revenue (123)Expenses (100)Net assets (116)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 $164M to $178M (+9%).

$148M
$149M
$161M
$164M
$178M
$169M
$168M
$168M
$176M
'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 8% · 2018 8% · 2019 8% · 2020 8% · 2021 12% · 2022 7% · 2023 8% · 2024 10% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.

26% of MANCHESTER UNIVERSITY INC’s revenue is contributions — more donation-reliant than 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. 5 of the last 9 reported years ran a deficit.

−$1.3M
’17
$9.0M
’18
−$611k
’19
−$895k
’20
$2.4M
’21
$4.2M
’22
−$5.4M
’23
−$7.2M
’24
$15M
’25
0.7
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.

'17'18'19'20'21'22'23'24'25
Listed464342474646464546
Joined·+4+6+11+7+8+5+8+7
No longer listed·77688596
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 18 funders to 23 funders, grant income rose $189k → $1.7M.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
'25*
'26*
total
Deloitte Foundationunclassified
$12k
funders
18
26
23
24
26
25
23
20
17
4

19 of 70 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $1.4M from 8 payers (the payer shares this organization's board, largest Parkview Health System Inc). These are real filings, and they are not money MANCHESTER UNIVERSITY INC raised.

From the IRS filings of MANCHESTER UNIVERSITY INC’s funders (the co-funder graph). Top 30 of 70 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

MANCHESTER UNIVERSITY INC leans on a few funders — its largest provides 79% of grant income and the top three 89%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

79%
largest funder
89%
top three
~2
effective funders

Largest funder’s share by year: 2017 32% · 2018 39% · 2019 36% · 2020 80% · 2021 25% · 2022 58% · 2023 45% — growing more concentrated.

“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

38% of MANCHESTER UNIVERSITY INC's funders are still giving 3 years after their first grant; 57% 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

99% of MANCHESTER UNIVERSITY INC's grant income comes from Indiana funders.

MN
IL
NY
MA
IN
OH
PA
NJ
CT
CA
VA
DE
NC
TX
FL

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

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

Funder states come from each funder’s own filing. $2.2M arriving through sponsors registered in 15 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

MANCHESTER UNIVERSITY INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.

Operating margin17% · top quartile
Months of reserve0.7mo · bottom quartile
Revenue growth (annualized)3% · bottom quartile

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

Government funding MANCHESTER UNIVERSITY INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.5M on record.

Federal$9.5M
grants $9.5Mcontracts $0
17
18
19
20
21
Top agencies
  • Department of Education$7.9M
  • National Science Foundation$646k
  • Department of Health and Human Services$611k
  • Department of Justice$300k

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 MANCHESTER UNIVERSITY INC

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 Indiana

Indiana University Foundation80%University of Indianapolis79%Indiana Institute of Technology Inc78%Anderson University Inc78%University of Saint Francis of Fort Wayne Indiana Inc78%Indiana State University Foundation Inc77%Goshen College Inc77%Rose-Hulman Institute of Technology77%

Nationally

Notre Dame of Maryland University Inc82%Manhattanville University81%Muskingum University81%Ohio Northern University81%Mount Saint Mary's University Inc80%Indiana University Foundation80%Methodist University Inc80%Assumption University80%
05Profile & governance

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

Where the money goes

85% of spending goes to programs.

Program 85%Management 13%Fundraising 2%

Governance

28
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 1 state

IN

Part of a family of 2 related entities

  • Independent Colleges of Indiana Inc · exempt
  • Charitable remainder trusts (4) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for MANCHESTER UNIVERSITY INC: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 MANCHESTER UNIVERSITY INC?
MANCHESTER UNIVERSITY INC (Indiana) receives grants from 70 organizations whose IRS filings report $19,148,668 to it, the largest being LILLY ENDOWMENT INC ($15,182,000). 40 of them have funded it in more than one year.
How many funders does MANCHESTER UNIVERSITY INC have?
IRS filings report 70 organizations giving $19,148,668 in grants to MANCHESTER UNIVERSITY INC, 40 of which have funded it in more than one year.
Who is the largest funder of MANCHESTER UNIVERSITY INC?
LILLY ENDOWMENT INC is the largest funder on record, with $15,182,000 in grants. The full list of funders is on this page.
How can an organization like MANCHESTER UNIVERSITY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

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 70 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