University of Saint Katherine

Analysis

University of Saint Katherine is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in January 2015, 11 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, University of Saint Katherine reported income of $6.4m and spending of $8.3m, spending 129% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income grew from $3.5m to $6.4m (+85%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Saint Katherine sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Onondaga Community College Foundation Inc ($6.4m), Brass City Charter School ($6.4m) and Heritage Heights Academy Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $140k (1.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.5m against liabilities of $6.5m, net assets of $1,787. It reported 163 employees.