St Catherine University

Analysis

St Catherine University is a registered charity in United States, based in Saint Paul, MN. 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, St Catherine University reported income of $129.6m and spending of $142.7m, spending 110% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $147.6m to $129.6m (-12%), an average of -3.2% 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, St Catherine 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 MN. Charities of a similar size with the same main cause include Desales University ($129.5m), Loyalist College of Applied Arts and Technology ($129.7m) and American College of Surgeons ($129.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.5m (1.0% of expenses). Other salaries and wages came to $48.5m. It paid $136k in professional fundraising fees. At year end it held assets of $333.3m against liabilities of $95.9m, net assets of $237.5m. It reported 2,059 employees.