Saint Peters University

Analysis

Saint Peters University is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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, Saint Peters University reported income of $116.6m and spending of $121.9m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $121.2m to $116.6m (-3.8%), an average of -1.3% 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, Saint Peters University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Allegheny College ($116.6m), Moody Bible Institute of Chicago ($116.7m) and Bright Star Schools ($116.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.8m (1.5% of expenses). Other salaries and wages came to $29.7m. It paid $176k in professional fundraising fees. At year end it held assets of $177.5m against liabilities of $89.8m, net assets of $87.7m. It reported 1,259 employees.