Cairn University

Analysis

Cairn University is a registered charity in United States, based in Langhorne, PA. It received its IRS tax-exemption ruling in March 1952, 74 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, Cairn University reported income of $33.5m and spending of $33.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $33.5m (+9.6%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cairn University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include The University of Rhode Island Foundation & Alumni Engagement ($33.5m), Citadel Foundation ($33.6m) and University of Montana Foundation ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $228k (0.7% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $52.8m against liabilities of $14.6m, net assets of $38.2m. It reported 756 employees.