Augsburg University

Analysis

Augsburg University is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1919, 107 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, Augsburg University reported income of $130.1m and spending of $137.4m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $119.6m to $130.1m (+8.7%), an average of +2.1% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augsburg 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 100th percentile within MN. Charities of a similar size with the same main cause include Georgia Tech Athletic Association ($129.9m), Pine Crest Preparatory School Inc ($130.3m) and Loyalist College of Applied Arts and Technology ($129.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $38.8m. At year end it held assets of $215.9m against liabilities of $82.4m, net assets of $133.6m. It reported 1,487 employees.