College of St Benedict Business Off

Analysis

College of St Benedict Business Off is a registered charity in United States, based in Saint Joseph, 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 June 2023, College of St Benedict Business Off reported income of $118.9m and spending of $106.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $125.2m to $118.9m (-5.1%), an average of -1.3% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of St Benedict Business Off 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 Davenport University ($118.6m), Wagner College ($120.3m) and River Springs Charter School Inc ($118.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.4m (2.3% of expenses). Other salaries and wages came to $24.0m. At year end it held assets of $276.4m against liabilities of $49.1m, net assets of $227.3m. It reported 1,847 employees.