University of Notre Dame du Lac

Analysis

University of Notre Dame du Lac is a registered charity in United States, based in Notre Dame, IN. It received its IRS tax-exemption ruling in January 1984, 42 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 Notre Dame du Lac reported income of $2.59bn and spending of $2.05bn, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.15bn to $2.59bn (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Notre Dame du Lac 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 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Northeastern University ($2.59bn), University of British Columbia ($2.60bn) and Baylor College of Medicine ($2.55bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $10.6m (0.5% of expenses). Other salaries and wages came to $699.9m. At year end it held assets of $24.76bn against liabilities of $4.51bn, net assets of $20.25bn. It reported 18,082 employees.