Augustana University Association

Analysis

Augustana University Association is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1950, 76 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 July 2023, Augustana University Association reported income of $127.9m and spending of $111.0m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $86.9m to $127.9m (+47%), an average of +10% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augustana University Association 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 SD. Charities of a similar size with the same main cause include LA Salle University ($127.4m), San Francisco Conservatory of Music Inc ($127.9m) and MC Daniel College Inc ($127.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $797k (0.7% of expenses). Other salaries and wages came to $27.8m. At year end it held assets of $354.2m against liabilities of $120.1m, net assets of $234.1m. It reported 1,603 employees.