Cabrini University

Analysis

Cabrini University is a registered charity in United States, based in Radnor, PA. 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, Cabrini University reported income of $64.3m and spending of $72.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $73.8m to $64.3m (-13%), an average of -3.4% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cabrini University 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 Kipp Nashville ($64.3m), Greenhill School ($64.3m) and Chesnut Hill College of the Sisters of St Joseph ($64.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $961k (1.3% of expenses). Other salaries and wages came to $16.5m. It paid $21k in professional fundraising fees. At year end it held assets of $107.5m against liabilities of $53.6m, net assets of $54.0m. It reported 733 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.