| 1 | Oklahoma City University | Oklahoma | $26.4 million$26,441,396 | $26.4 million$26,441,396 | 310 |
| 2 | Missouri Baptist University | Missouri | $24.4 million$24,409,862 | $23.6 million$23,594,660 | 780 |
| 3 | Missouri Valley College | Missouri | $19.2 million$19,192,923 | $19.2 million$19,192,919 | 542 |
| 4 | William Woods University | Missouri | $18.9 million$18,929,088 | $18.4 million$18,361,259 | 598 |
| 5 | Baker University | Kansas | $18.7 million$18,722,477 | $18.5 million$18,513,457 | 583 |
| 6 | Georgetown College | Kentucky | $18.6 million$18,580,938 | $18.6 million$18,580,938 | 518 |
| 7 | Keiser University-Ft Lauderdale | Florida | $17.9 million$17,851,096 | $17.3 million$17,316,810 | 764 |
| 8 | William Penn University | Iowa | $17.7 million$17,652,155 | $17.4 million$17,441,594 | 842 |
| 9 | Concordia University-Nebraska | Nebraska | $16.2 million$16,233,943 | $15.1 million$15,143,637 | 759 |
| 10 | Kansas Wesleyan University | Kansas | $16.2 million$16,190,685 | $16.2 million$16,190,685 | 807 |
| 11 | Clarke University | Iowa | $16.0 million$16,015,846 | $16.0 million$16,015,846 | 568 |
| 12 | Ottawa University-Surprise | Arizona | $15.6 million$15,628,328 | $15.6 million$15,628,328 | 777 |
| 13 | Arizona Christian University | Arizona | $14.6 million$14,610,826 | $14.6 million$14,610,826 | 520 |
| 14 | McPherson College | Kansas | $14.5 million$14,477,992 | $14.5 million$14,477,992 | 564 |
| 15 | Ottawa University-Ottawa | Kansas | $13.8 million$13,815,466 | $13.8 million$13,803,838 | 858 |
| 16 | Indiana Institute of Technology | Indiana | $13.4 million$13,406,042 | $13.4 million$13,372,950 | 1,057 |
| 17 | Central Methodist University-College of Liberal Arts and Sciences | Missouri | $13.3 million$13,254,349 | $13.1 million$13,110,395 | 766 |
| 18 | Oakland City University | Indiana | $13.2 million$13,208,746 | $13.2 million$13,205,504 | 437 |
| 19 | Union Commonwealth University | Kentucky | $13.1 million$13,076,134 | $13.0 million$12,960,795 | 588 |
| 20 | Lawrence Technological University | Michigan | $13.0 million$13,049,202 | $12.8 million$12,837,753 | 570 |
| 21 | Loyola University New Orleans | Louisiana | $12.9 million$12,904,396 | $12.9 million$12,870,677 | 334 |
| 22 | Cumberland University | Tennessee | $12.5 million$12,471,604 | $12.2 million$12,249,680 | 384 |
| 23 | Campbellsville University | Kentucky | $12.5 million$12,463,962 | $12.5 million$12,463,962 | 827 |
| 24 | University of the Cumberlands | Kentucky | $12.4 million$12,430,351 | $12.4 million$12,430,351 | 736 |
| 25 | Grand View University | Iowa | $12.4 million$12,380,233 | $12.4 million$12,380,233 | 851 |
| 26 | St. Thomas University | Florida | $12.3 million$12,346,319 | $12.3 million$12,346,319 | 809 |
| 27 | Reinhardt University | Georgia | $12.2 million$12,221,500 | $12.0 million$12,018,584 | 656 |
| 28 | Life University | Georgia | $12.1 million$12,125,037 | $11.8 million$11,839,478 | 691 |
| 29 | Lindsey Wilson College | Kentucky | $12.1 million$12,099,921 | $12.0 million$12,003,518 | 779 |
| 30 | Montreat College | North Carolina | $12.0 million$12,015,338 | $12.0 million$12,014,782 | 485 |
| 31 | Benedictine College | Kansas | $11.5 million$11,523,992 | $11.5 million$11,523,992 | 625 |
| 32 | Southeastern University | Florida | $11.0 million$11,003,502 | $10.6 million$10,639,863 | 469 |
| 33 | University of Pikeville | Kentucky | $10.9 million$10,885,178 | $10.9 million$10,885,178 | 587 |
| 34 | Friends University | Kansas | $10.7 million$10,748,404 | $8.1 million$8,051,374 | 713 |
| 35 | Webber International University | Florida | $10.7 million$10,697,075 | $10.5 million$10,544,697 | 348 |
| 36 | Hope International University | California | $10.5 million$10,477,794 | $10.5 million$10,477,794 | 315 |
| 37 | University of Rio Grande | Ohio | $10.5 million$10,464,864 | $6.0 million$6,005,321 | 330 |
| 38 | MidAmerica Nazarene University | Kansas | $10.4 million$10,447,178 | $10.4 million$10,447,178 | 577 |
| 39 | University of Mobile | Alabama | $9.8 million$9,811,094 | $9.7 million$9,707,570 | 339 |
| 40 | Olivet Nazarene University | Illinois | $9.5 million$9,463,858 | $8.9 million$8,882,069 | 654 |
| 41 | Park University | Missouri | $9.3 million$9,254,806 | $9.3 million$9,254,806 | 765 |
| 42 | Tennessee Wesleyan University | Tennessee | $9.0 million$9,041,143 | $9.0 million$9,041,143 | 407 |
| 43 | Rocky Mountain College | Montana | $8.7 million$8,699,625 | $8.7 million$8,699,625 | 405 |
| 44 | Bethel University | Tennessee | $8.7 million$8,684,583 | $8.6 million$8,569,167 | 477 |
| 45 | Texas Wesleyan University | Texas | $8.5 million$8,469,816 | $8.0 million$7,976,544 | 501 |
| 46 | University of Health Sciences and Pharmacy in St. Louis | Missouri | $8.4 million$8,407,192 | $8.2 million$8,238,488 | 292 |
| 47 | William Carey University | Mississippi | $8.4 million$8,350,928 | $8.2 million$8,231,537 | 370 |
| 48 | Madonna University | Michigan | $8.3 million$8,268,630 | $8.3 million$8,268,630 | 683 |
| 49 | University of Saint Francis-Fort Wayne | Indiana | $8.3 million$8,256,126 | $7.8 million$7,804,926 | 500 |
| 50 | Wayland Baptist University | Texas | $8.2 million$8,183,170 | $7.9 million$7,881,467 | 628 |
| 51 | University of Providence | Montana | $8.1 million$8,081,879 | $7.6 million$7,560,133 | 308 |
| 52 | The Master's University and Seminary | California | $8.1 million$8,051,154 | $8.1 million$8,051,154 | 299 |
| 53 | Avila University | Missouri | $8.0 million$8,015,521 | $8.0 million$8,014,371 | 476 |
| 54 | Mount Mercy University | Iowa | $8.0 million$7,981,175 | $7.9 million$7,853,043 | 602 |
| 55 | Taylor University | Indiana | $7.9 million$7,875,922 | $7.0 million$7,004,609 | 468 |
| 56 | Bluefield University | Virginia | $7.9 million$7,871,798 | $7.9 million$7,871,798 | 375 |
| 57 | University of St Francis | Illinois | $7.8 million$7,797,529 | $7.4 million$7,403,293 | 403 |
| 58 | Faulkner University | Alabama | $7.7 million$7,704,788 | $7.7 million$7,704,788 | 353 |
| 59 | Morningside University | Iowa | $7.5 million$7,539,411 | $6.8 million$6,849,054 | 666 |
| 60 | Xavier University of Louisiana | Louisiana | $7.3 million$7,340,549 | $7.3 million$7,271,721 | 300 |
| 61 | Freed-Hardeman University | Tennessee | $7.2 million$7,244,639 | $7.2 million$7,244,639 | 331 |
| 62 | Carroll College | Montana | $7.1 million$7,144,216 | $7.1 million$7,144,216 | 342 |
| 63 | Judson University | Illinois | $6.8 million$6,807,545 | $6.7 million$6,734,137 | 513 |
| 64 | Waldorf University | Iowa | $6.6 million$6,581,696 | $6.6 million$6,581,696 | 480 |
| 65 | Brewton-Parker College | Georgia | $6.5 million$6,538,218 | $6.5 million$6,538,218 | 332 |
| 66 | Huntington University | Indiana | $6.5 million$6,532,858 | $5.8 million$5,814,221 | 330 |
| 67 | Florida National University-Main Campus | Florida | $6.5 million$6,488,130 | $6.1 million$6,117,667 | 362 |
| 68 | Evangel University | Missouri | $6.5 million$6,473,530 | $6.5 million$6,473,530 | 477 |
| 69 | Columbia College | South Carolina | $6.4 million$6,437,265 | $6.4 million$6,437,265 | 269 |
| 70 | Kentucky Christian University | Kentucky | $6.4 million$6,387,842 | $6.4 million$6,387,842 | 386 |
| 71 | Midway University | Kentucky | $6.4 million$6,356,319 | $6.4 million$6,356,319 | 681 |
| 72 | Tabor College | Kansas | $6.1 million$6,120,571 | $5.9 million$5,851,290 | 467 |
| 73 | Eastern Oregon University | Oregon | $6.0 million$6,044,449 | $6.0 million$6,044,449 | 488 |
| 74 | Our Lady of the Lake University | Texas | $6.0 million$5,984,997 | $5.7 million$5,658,515 | 410 |
| 75 | Columbia College | Missouri | $5.8 million$5,816,117 | $5.8 million$5,816,117 | 340 |
| 76 | Central Christian College of Kansas | Kansas | $5.8 million$5,809,562 | $5.8 million$5,809,562 | 232 |
| 77 | Dakota Wesleyan University | South Dakota | $5.8 million$5,774,733 | $5.8 million$5,750,741 | 261 |
| 78 | Grace College and Theological Seminary | Indiana | $5.5 million$5,496,075 | $5.5 million$5,496,075 | 290 |
| 79 | Truett McConnell University | Georgia | $5.3 million$5,317,784 | $5.3 million$5,317,784 | 423 |
| 80 | Rochester University | Michigan | $5.3 million$5,288,992 | $5.2 million$5,218,747 | 313 |
| 81 | Dickinson State University | North Dakota | $5.3 million$5,251,669 | $5.3 million$5,251,669 | 431 |
| 82 | Westcliff University | California | $5.2 million$5,171,454 | $5.2 million$5,154,326 | 364 |
| 83 | Louisiana Christian University | Louisiana | $4.9 million$4,919,851 | $4.9 million$4,919,851 | 278 |
| 84 | Florida Memorial University | Florida | $4.8 million$4,777,653 | $4.8 million$4,777,653 | 322 |
| 85 | Lewis-Clark State College | Idaho | $4.7 million$4,711,988 | $4.7 million$4,705,260 | 207 |
| 86 | Nelson University | Texas | $4.7 million$4,689,775 | $4.6 million$4,592,069 | 465 |
| 87 | Warner University | Florida | $4.6 million$4,602,497 | $3.0 million$2,982,291 | 504 |
| 88 | Cleary University | Michigan | $4.6 million$4,597,093 | $4.6 million$4,597,093 | 309 |
| 89 | West Virginia University Institute of Technology | West Virginia | $4.6 million$4,557,599 | $4.6 million$4,557,599 | 310 |
| 90 | Blue Mountain Christian University | Mississippi | $4.6 million$4,556,395 | $4.6 million$4,556,395 | 323 |
| 91 | New College of Florida | Florida | $4.5 million$4,478,895 | $4.5 million$4,478,895 | 153 |
| 92 | University of Science and Arts of Oklahoma | Oklahoma | $4.4 million$4,432,995 | $4.2 million$4,225,233 | 224 |
| 93 | Montana Technological University | Montana | $4.4 million$4,368,801 | $4.4 million$4,368,801 | 271 |
| 94 | Shawnee State University | Ohio | $4.3 million$4,336,097 | $4.0 million$4,040,174 | 333 |
| 95 | Governors State University | Illinois | $4.3 million$4,335,245 | $4.3 million$4,335,245 | 289 |
| 96 | Cornerstone University | Michigan | $4.3 million$4,326,417 | $4.3 million$4,326,417 | 448 |
| 97 | The University of Tennessee Southern | Tennessee | $4.3 million$4,313,848 | $4.3 million$4,313,848 | 318 |
| 98 | Williams Baptist University | Arkansas | $4.3 million$4,304,596 | $4.0 million$4,040,662 | 255 |
| 99 | Mount Vernon Nazarene University | Ohio | $4.3 million$4,295,270 | $4.3 million$4,295,270 | 406 |
| 100 | Oklahoma Panhandle State University | Oklahoma | $4.3 million$4,280,737 | $4.3 million$4,252,426 | 381 |
| 101 | Thomas University | Georgia | $4.2 million$4,167,654 | $4.2 million$4,167,654 | 361 |
| 102 | Mid-America Christian University | Oklahoma | $4.0 million$4,032,217 | $4.0 million$4,032,217 | 195 |
| 103 | Trinity Christian College | Illinois | $4.0 million$4,004,456 | $4.0 million$3,998,086 | 267 |
| 104 | Dakota State University | South Dakota | $4.0 million$3,999,725 | $4.0 million$3,999,725 | 433 |
| 105 | Saint Mary-of-the-Woods College | Indiana | $4.0 million$3,996,224 | $3.9 million$3,860,863 | 375 |
| 106 | Brescia University | Kentucky | $4.0 million$3,963,689 | $3.8 million$3,797,746 | 304 |
| 107 | Dillard University | Louisiana | $3.9 million$3,867,093 | $3.9 million$3,867,093 | 181 |
| 108 | University of the Southwest | New Mexico | $3.8 million$3,821,830 | $3.8 million$3,821,830 | 275 |
| 109 | Columbia International University | South Carolina | $3.7 million$3,743,534 | $3.7 million$3,743,534 | 262 |
| 110 | Georgia Gwinnett College | Georgia | $3.7 million$3,678,109 | $3.7 million$3,650,664 | 131 |
| 111 | Central Baptist College | Arkansas | $3.6 million$3,563,719 | $3.5 million$3,476,341 | 193 |
| 112 | John Brown University | Arkansas | $3.5 million$3,479,478 | $3.5 million$3,469,218 | 198 |
| 113 | Langston University | Oklahoma | $3.5 million$3,479,335 | $3.5 million$3,479,335 | 244 |
| 114 | Hesston College | Kansas | $3.5 million$3,455,014 | $3.4 million$3,366,363 | 241 |
| 115 | Carolina University | North Carolina | $3.3 million$3,308,055 | $3.3 million$3,297,632 | 258 |
| 116 | The University of Montana-Western | Montana | $3.3 million$3,263,329 | $2.9 million$2,902,127 | 246 |
| 117 | Brenau University | Georgia | $3.1 million$3,075,130 | $3.1 million$3,060,358 | 178 |
| 118 | Hannibal-LaGrange University | Missouri | $3.0 million$3,047,680 | $3.0 million$3,047,680 | 170 |
| 119 | Texas A&M University-Texarkana | Texas | $3.0 million$3,021,246 | $3.0 million$3,021,246 | 245 |
| 120 | Huston-Tillotson University | Texas | $2.9 million$2,901,649 | $1.9 million$1,922,667 | 177 |
| 121 | Texas College | Texas | $2.8 million$2,820,429 | $2.8 million$2,820,429 | 208 |
| 122 | Southwestern Christian University | Oklahoma | $2.8 million$2,805,833 | $2.8 million$2,805,833 | 183 |
| 123 | Spartanburg Methodist College | South Carolina | $2.8 million$2,757,059 | $2.8 million$2,757,059 | 245 |
| 124 | Louisiana State University-Shreveport | Louisiana | $2.7 million$2,727,015 | $2.7 million$2,727,015 | 128 |
| 125 | Texas A&M University-San Antonio | Texas | $2.7 million$2,703,039 | $2.4 million$2,363,204 | 130 |
| 126 | California State University Maritime Academy | California | $2.7 million$2,681,384 | $2.6 million$2,622,725 | 230 |
| 127 | Louisiana State University-Alexandria | Louisiana | $2.7 million$2,669,757 | $2.6 million$2,643,459 | 177 |
| 128 | Montana State University-Northern | Montana | $2.4 million$2,422,447 | $2.2 million$2,165,960 | 185 |
| 129 | University of Michigan-Dearborn | Michigan | $2.4 million$2,393,781 | $2.3 million$2,345,647 | 237 |
| 130 | Wiley University | Texas | $2.4 million$2,356,152 | $2.4 million$2,356,152 | 277 |
| 131 | Middle Georgia State University | Georgia | $2.3 million$2,346,486 | $2.3 million$2,346,486 | 187 |
| 132 | Warner Pacific University | Oregon | $2.3 million$2,327,755 | $2.3 million$2,327,755 | 166 |
| 133 | Jarvis Christian University | Texas | $2.3 million$2,320,726 | $2.3 million$2,300,314 | 242 |
| 134 | Fisk University | Tennessee | $2.3 million$2,295,157 | $2.3 million$2,295,157 | 78 |
| 135 | Indiana University-Kokomo | Indiana | $2.2 million$2,178,457 | $2.2 million$2,178,457 | 265 |
| 136 | Florida College | Florida | $2.2 million$2,157,348 | $2.2 million$2,157,348 | 124 |
| 137 | Stephens College | Missouri | $2.1 million$2,094,490 | $2.0 million$1,986,416 | 77 |
| 138 | University of Houston-Victoria | Texas | $2.1 million$2,087,998 | $1.9 million$1,917,930 | 158 |
| 139 | The Evergreen State College | Washington | $2.0 million$2,038,827 | $2.0 million$2,038,827 | 211 |
| 140 | Mission University | Missouri | $1.8 million$1,847,074 | $1.8 million$1,847,074 | 195 |
| 141 | Talladega College | Alabama | $1.8 million$1,800,687 | $1.8 million$1,800,687 | 80 |
| 142 | Fisher College | Massachusetts | $1.7 million$1,705,805 | $1.7 million$1,705,805 | 180 |
| 143 | Indiana University-South Bend | Indiana | $1.7 million$1,679,188 | $1.7 million$1,671,172 | 120 |
| 144 | Harris-Stowe State University | Missouri | $1.6 million$1,649,923 | $1.6 million$1,649,923 | 167 |
| 145 | College of Coastal Georgia | Georgia | $1.6 million$1,649,823 | $1.6 million$1,649,823 | 71 |
| 146 | Life Pacific University | California | $1.6 million$1,605,238 | $1.6 million$1,605,238 | 103 |
| 147 | Rust College | Mississippi | $1.6 million$1,569,810 | $1.6 million$1,569,810 | 114 |
| 148 | Philander Smith University | Arkansas | $1.6 million$1,564,087 | $1.6 million$1,564,087 | 104 |
| 149 | Dalton State College | Georgia | $1.5 million$1,509,996 | $1.5 million$1,509,996 | 89 |
| 150 | Indiana University-Southeast | Indiana | $1.5 million$1,489,680 | $1.5 million$1,489,680 | 118 |
| 151 | Crowley's Ridge College | Arkansas | $1.4 million$1,423,442 | $1.4 million$1,423,442 | 126 |
| 152 | Washington Adventist University | Maryland | $1.4 million$1,409,442 | $1.4 million$1,409,442 | 117 |
| 153 | Haskell Indian Nations University | Kansas | $1.4 million$1,405,158 | $1.4 million$1,385,751 | 119 |
| 154 | College of the Ozarks | Missouri | $1.4 million$1,389,792 | $1.4 million$1,389,792 | 123 |
| 155 | Tougaloo College | Mississippi | $1.3 million$1,265,544 | $1.3 million$1,258,272 | 122 |
| 156 | Arkansas Baptist College | Arkansas | $1.1 million$1,137,558 | $1.1 million$1,137,548 | 193 |
| 157 | Alice Lloyd College | Kentucky | $1.1 million$1,130,624 | $1.1 million$1,073,893 | 210 |
| 158 | Southern University at New Orleans | Louisiana | $1.1 million$1,067,802 | $1.1 million$1,067,802 | 70 |
| 159 | Stillman College | Alabama | $1.0 million$1,044,878 | $1.0 million$1,016,324 | 159 |
| 160 | University of North Texas at Dallas | Texas | $959,873 | $959,873 | 48 |
| 161 | Abraham Baldwin Agricultural College | Georgia | $900,965 | $900,965 | 181 |
| 162 | Oakwood University | Alabama | $899,689 | $899,689 | 110 |
| 163 | Wilberforce University | Ohio | $808,961 | $808,961 | 109 |
| 164 | Paul Quinn College | Texas | $695,116 | $695,116 | 92 |
| 165 | Voorhees University | South Carolina | $469,483 | $469,483 | 78 |
| 166 | Morris College | South Carolina | $453,114 | $453,114 | 62 |