Excelsior University

Analysis

Excelsior University is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1998, 28 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, Excelsior University reported income of $74.4m and spending of $70.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $79.9m to $74.4m (-6.9%), an average of -1.8% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excelsior 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 98th percentile within NY. Charities of a similar size with the same main cause include Concordia University ($74.3m), Advantage Academy of Hillsborough Inc ($74.6m) and New England College ($74.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.6m (3.7% of expenses). Other salaries and wages came to $35.0m. It paid $54k in professional fundraising fees. At year end it held assets of $69.1m against liabilities of $19.4m, net assets of $49.7m. It reported 1,033 employees.