Salve Regina University

Analysis

Salve Regina University is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in March 1946, 80 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, Salve Regina University reported income of $136.6m and spending of $135.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $107.6m to $136.6m (+27%), an average of +6.1% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salve Regina University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Georgia State University Research Foundation Inc ($136.5m), Pinecrest Academy Inc ($137.1m) and Carroll University Inc ($136.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.2m (1.6% of expenses). Other salaries and wages came to $34.3m. At year end it held assets of $221.9m against liabilities of $49.1m, net assets of $172.8m. It reported 1,549 employees.