Chesnut Hill College of the Sisters of St Joseph

Analysis

Chesnut Hill College of the Sisters of St Joseph is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1941, 85 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, Chesnut Hill College of the Sisters of St Joseph reported income of $64.2m and spending of $53.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.2m to $64.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesnut Hill College of the Sisters of St Joseph sits at the 99th 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 PA. Charities of a similar size with the same main cause include University of South Carolina Educational Foundation ($64.1m), Kipp Nashville ($64.3m) and Northwestern College ($63.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $592k (1.1% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $90.6m against liabilities of $34.6m, net assets of $56.0m. It reported 669 employees.