Saint Elizabeth University

Analysis

Saint Elizabeth University is a registered charity in United States, based in Morristown, 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 Elizabeth University reported income of $40.6m and spending of $43.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.5m to $40.6m (+8.3%), an average of +2.0% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Elizabeth 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 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Mount Marty University ($40.6m), Vista Real Public Charter Inc ($40.6m) and Faith Family Kids Inc ($40.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $471k (1.1% of expenses). Other salaries and wages came to $11.9m. It paid $74k in professional fundraising fees. At year end it held assets of $68.9m against liabilities of $28.3m, net assets of $40.6m. It reported 681 employees.