Carlow University

Analysis

Carlow University is a registered charity in United States, based in Pittsburgh, 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, Carlow University reported income of $84.3m and spending of $78.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.5m to $84.3m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carlow University sits at the 99th percentile: it is larger than about 99% 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 Raritan Valley Community College Dir of Budget & Finance Office ($83.8m), Taipei American School Foundation ($84.3m) and Columbia Grammar & Preparatory School ($83.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $126.8m against liabilities of $47.6m, net assets of $79.2m. It reported 1,045 employees.