Desales University

Analysis

Desales University is a registered charity in United States, based in Center Valley, 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, Desales University reported income of $129.5m and spending of $133.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $121.3m to $129.5m (+6.8%), an average of +1.7% a year. 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, Desales 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 American College of Surgeons ($129.5m), St Catherine University ($129.6m) and Harvard Management Company Inc ($128.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $34.6m. At year end it held assets of $246.3m against liabilities of $65.6m, net assets of $180.7m. It reported 1,761 employees.