Centenary University

Analysis

Centenary University is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in May 1960, 66 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, Centenary University reported income of $51.9m and spending of $56.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $55.3m to $51.9m (-6.1%), an average of -1.6% 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, Centenary University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Woodbury University ($51.8m), Coral Academy of Science Las Vegas ($51.9m) and Golden Gate University ($51.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $541k (1.0% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $28.2m against liabilities of $41.2m, net assets of -$13.0m. It reported 762 employees.