Quinnipiac University

Analysis

Quinnipiac University is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in April 1938, 88 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, Quinnipiac University reported income of $541.8m and spending of $500.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $525.6m to $541.8m (+3.1%), an average of +0.8% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quinnipiac 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 CT. Charities of a similar size with the same main cause include University of St Thomas ($537.1m), Duquesne University of the Holy Spirit ($543.3m) and Midwestern University ($518.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.7m (0.3% of expenses). Other salaries and wages came to $138.0m. At year end it held assets of $1.89bn against liabilities of $537.0m, net assets of $1.35bn. It reported 4,367 employees.