Albertus Magnus College

Analysis

Albertus Magnus College is a registered charity in United States, based in New Haven, CT. 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 2024, Albertus Magnus College reported income of $42.7m and spending of $47.3m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $34.4m to $42.7m (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albertus Magnus College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include United States Naval Academy Foundation Inc ($42.7m), Brooks School ($42.7m) and South Texas College of Law Houston Inc ($42.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.8% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $906k (1.9% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $81.6m against liabilities of $34.9m, net assets of $46.6m. It reported 547 employees.