Dominican University New York

Analysis

Dominican University New York is a registered charity in United States, based in Orangeburg, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Dominican University New York reported income of $55.3m and spending of $57.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $58.9m to $55.3m (-6.0%), an average of -1.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dominican University New York 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 98th percentile within NY. Charities of a similar size with the same main cause include Sixteenth Street Community Health Centers Inc ($55.2m), Carolina Family Health Centers Inc ($55.5m) and St Margaret of Scotland Episcopal School ($55.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $649k (1.1% of expenses). Other salaries and wages came to $17.2m. It paid $177k in professional fundraising fees. At year end it held assets of $72.7m against liabilities of $42.6m, net assets of $30.1m. It reported 770 employees.