Franciscan University of Steubenville

Analysis

Franciscan University of Steubenville is a registered charity in United States, based in Steubenville, OH. It received its IRS tax-exemption ruling in September 1954, 72 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, Franciscan University of Steubenville reported income of $128.2m and spending of $124.1m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $114.3m to $128.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to May 2022, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franciscan University of Steubenville 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, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Ethical Culture Fieldston School ($127.9m), Riverwalk Education Foundation Inc ($128.4m) and San Francisco Conservatory of Music Inc ($127.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.4% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.9m (1.5% of expenses). Other salaries and wages came to $30.7m. At year end it held assets of $297.6m against liabilities of $62.5m, net assets of $235.1m. It reported 2,121 employees.