University of Scranton

Analysis

University of Scranton is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in January 1963, 63 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 May 2023, University of Scranton reported income of $257.5m and spending of $259.8m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $251.1m to $257.5m (+2.6%), an average of +0.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Scranton 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 Bryant University ($255.9m), University of Georgia Foundation ($257.7m) and Inter American University of Puerto Rico ($255.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $4.1m (1.6% of expenses). Other salaries and wages came to $68.0m. It paid $14k in professional fundraising fees. At year end it held assets of $625.2m against liabilities of $177.0m, net assets of $448.1m. It reported 2,570 employees.