Benedictine University

Analysis

Benedictine University is a registered charity in United States, based in Lisle, 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 May 2023, Benedictine University reported income of $96.1m and spending of $97.5m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $120.1m to $96.1m (-20%), an average of -5.4% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benedictine 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 Flagler College Inc ($96.1m), National Student Clearinghouse ($96.3m) and Florida State University Foundation Inc ($96.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $882k (0.9% of expenses). Other salaries and wages came to $27.5m. At year end it held assets of $176.2m against liabilities of $76.6m, net assets of $99.6m. It reported 1,087 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.