University of Prince Edward Island

Analysis

University of Prince Edward Island is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in September 2000, 26 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).

In the financial year ending April 2023, University of Prince Edward Island reported income of $150.1m and spending of $132.7m, spending 88% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $124.1m to $150.1m (+21%), an average of +4.9% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Prince Edward Island 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. Charities of a similar size with the same main cause include Saint Marys University ($150.0m), Muhlenberg College ($150.2m) and Mercyhurst University ($149.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $4.8m (3.7% of expenses). Other salaries and wages came to $64.4m. At year end it held assets of $369.9m against liabilities of $121.0m, net assets of $249.0m.