Felician University

Analysis

Felician University is a registered charity in United States, based in Lodi, 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, Felician University reported income of $81.7m and spending of $85.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.6m to $81.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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, Felician 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 99th percentile within NJ. Charities of a similar size with the same main cause include Des Moines University Osteopathic Medical Center ($81.6m), Lawrence Technological University ($81.7m) and Kinkaid School Inc ($81.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $668k (0.8% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $95.5m against liabilities of $35.3m, net assets of $60.1m. It reported 849 employees.