Point Park University

Analysis

Point Park University is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1962, 64 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Point Park University reported income of $116.9m and spending of $129.9m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $124.3m to $116.9m (-5.9%), an average of -1.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Point Park University 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 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include New York Road Runners Inc ($116.7m), Lifemoves ($117.0m) and Singing River Gulfport ($116.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.1m (2.4% of expenses). Other salaries and wages came to $35.0m. At year end it held assets of $191.3m against liabilities of $55.7m, net assets of $135.7m. It reported 1,540 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.