Niagara University

Analysis

Niagara University is a registered charity in United States, based in Niagara University, NY. 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Niagara University reported income of $156.3m and spending of $152.1m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $132.9m to $156.3m (+18%), an average of +4.1% a year. The sharpest change came in the year to May 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Niagara 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 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Susquehanna University ($155.8m), Team Academy Charter School Inc ($156.9m) and Education Loan Finance Inc ($155.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.4m (0.9% of expenses). Other salaries and wages came to $41.9m. It paid $462k in professional fundraising fees. At year end it held assets of $277.0m against liabilities of $74.2m, net assets of $202.8m. It reported 1,662 employees.