Elmhurst University

Analysis

Elmhurst University is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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, Elmhurst University reported income of $139.6m and spending of $135.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $131.9m to $139.6m (+5.8%), an average of +1.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elmhurst University 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 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Rocky Mountain Institute ($139.4m), Saint Johns University ($140.3m) and Community Partnership for the Prevention of Homelessness ($138.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.7m (1.2% of expenses). Other salaries and wages came to $34.4m. At year end it held assets of $283.4m against liabilities of $82.1m, net assets of $201.3m. It reported 1,703 employees.