Fairleigh Dickinson University

Analysis

Fairleigh Dickinson University is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in April 1958, 68 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, Fairleigh Dickinson University reported income of $275.2m and spending of $308.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $339.7m to $275.2m (-19%), an average of -5.1% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairleigh Dickinson University sits at the 100th 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 100th percentile within NJ. Charities of a similar size with the same main cause include Monmouth University Inc ($274.8m), Teach for America Inc ($275.6m) and University of the Incarnate Word ($274.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $6.5m (2.1% of expenses). Other salaries and wages came to $98.2m. It paid $25k in professional fundraising fees. At year end it held assets of $414.6m against liabilities of $156.2m, net assets of $258.4m. It reported 3,186 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.