Dominican University

Analysis

Dominican University is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in March 1946, 80 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, Dominican University reported income of $112.1m and spending of $111.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $109.8m to $112.1m (+2.1%), an average of +0.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dominican University 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 IL. Charities of a similar size with the same main cause include Ohio Wesleyan University ($112.1m), Drew University ($112.2m) and Lebanon Valley College ($111.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.7m (2.4% of expenses). Other salaries and wages came to $34.1m. At year end it held assets of $148.3m against liabilities of $33.6m, net assets of $114.7m. It reported 1,692 employees.