Nazareth University

Analysis

Nazareth University is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 1963, 63 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, Nazareth University reported income of $138.4m and spending of $124.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.9m to $138.4m (+11%), an average of +2.6% 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, Nazareth 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 NY. Charities of a similar size with the same main cause include Oregon State University Foundation ($137.9m), Saint Anselm College ($138.7m) and Willamette University ($137.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.2m (1.8% of expenses). Other salaries and wages came to $37.0m. At year end it held assets of $289.5m against liabilities of $61.6m, net assets of $227.9m. It reported 2,273 employees.