Utica University

Analysis

Utica University is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in March 1996, 30 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, Utica University reported income of $89.8m and spending of $105.7m, spending 118% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $101.8m to $89.8m (-12%), an average of -4.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utica 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 Misericordia University ($89.7m), The U C Davis Foundation ($90.1m) and Colorado State University Foundation ($89.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.1m (2.0% of expenses). Other salaries and wages came to $37.2m. At year end it held assets of $140.8m against liabilities of $84.0m, net assets of $56.8m. It reported 1,780 employees.