St Olaf College

Analysis

St Olaf College is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in November 1934, 92 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, St Olaf College reported income of $251.6m and spending of $252.8m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $243.5m to $251.6m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to May 2022, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Olaf College 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 MN. Charities of a similar size with the same main cause include United Negro College Fund Inc ($250.9m), Edward Via Virginia College of Osteopathic Medicine ($254.8m) and Delaware State University ($250.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $2.6m (1.0% of expenses). Other salaries and wages came to $56.3m. It paid $12k in professional fundraising fees. At year end it held assets of $1.08bn against liabilities of $169.2m, net assets of $906.2m. It reported 3,254 employees.