Temple University-Of the Commonwealth System of Higher Educ

Analysis

Temple University-Of the Commonwealth System of Higher Educ is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1926, 100 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, Temple University-Of the Commonwealth System of Higher Educ reported income of $1.54bn and spending of $1.48bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.77bn to $1.54bn (-13%), an average of -3.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Temple University-Of the Commonwealth System of Higher Educ sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Case Western Reserve University ($1.53bn), Liberty University Inc ($1.57bn) and The Medical College of Wisconsin Inc ($1.49bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $8.2m (0.6% of expenses). Other salaries and wages came to $674.2m. At year end it held assets of $3.93bn against liabilities of $959.1m, net assets of $2.97bn. It reported 17,702 employees.