Daemen University

Analysis

Daemen University is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in November 1951, 75 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 May 2023, Daemen University reported income of $86.8m and spending of $86.6m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $74.8m to $86.8m (+16%), an average of +3.8% a year. 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, Daemen University sits at the 99th percentile: it is larger than about 99% of them. 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 Saint John Baptist College in the University of Oxford ($86.6m), Tiger Athletic Foundation ($86.8m) and University of Saint Joseph ($86.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.7m (2.0% of expenses). Other salaries and wages came to $25.8m. At year end it held assets of $81.7m against liabilities of $33.6m, net assets of $48.1m. It reported 1,380 employees.