Carroll University Inc

Analysis

Carroll University Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in October 1942, 84 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, Carroll University Inc reported income of $136.3m and spending of $143.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132.9m to $136.3m (+2.6%), an average of +0.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carroll University Inc 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 WI. Charities of a similar size with the same main cause include Bellarmine University ($135.9m), Georgia State University Research Foundation Inc ($136.5m) and Mount Saint Marys University ($135.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.8m (1.3% of expenses). Other salaries and wages came to $36.6m. It paid $208k in professional fundraising fees. At year end it held assets of $256.7m against liabilities of $23.4m, net assets of $233.3m. It reported 2,562 employees.