Gustavus Adolphus College

Analysis

Gustavus Adolphus College is a registered charity in United States, based in Saint Peter, MN. It received its IRS tax-exemption ruling in February 1935, 91 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, Gustavus Adolphus College reported income of $150.5m and spending of $158.6m, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $189.6m to $150.5m (-21%), an average of -5.6% a year. The sharpest change came in the year to May 2020, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gustavus Adolphus College 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 Reed Institute ($150.4m), Wilkes University ($150.8m) and Muhlenberg College ($150.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $989k (0.6% of expenses). Other salaries and wages came to $40.2m. It paid $128k in professional fundraising fees. At year end it held assets of $540.8m against liabilities of $89.9m, net assets of $450.8m. It reported 2,764 employees.