Eastern University

Analysis

Eastern University is a registered charity in United States, based in St Davids, PA. It received its IRS tax-exemption ruling in November 1953, 73 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, Eastern University reported income of $107.4m and spending of $98.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $80.2m to $107.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern University sits at the 99th percentile: it is one of the largest 1% in its cause. 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 L S U Foundation ($107.4m), Randolph-Macon College ($107.7m) and Washington and Jefferson College ($107.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (1.1% of expenses). Other salaries and wages came to $26.4m. It paid $9,000 in professional fundraising fees. At year end it held assets of $112.2m against liabilities of $32.0m, net assets of $80.2m. It reported 1,313 employees.