Suffolk University

Analysis

Suffolk University is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Suffolk University reported income of $339.0m and spending of $370.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $330.1m to $339.0m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suffolk University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Pratt Institute ($337.7m), University of Colorado Foundation ($342.2m) and Marist University ($333.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $4.7m (1.3% of expenses). Other salaries and wages came to $99.9m. At year end it held assets of $789.6m against liabilities of $477.9m, net assets of $311.7m. It reported 3,281 employees.