University of Delaware

Analysis

University of Delaware is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 1933, 93 years ago. 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, University of Delaware reported income of $1.52bn and spending of $1.49bn, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.40bn to $1.52bn (+9.1%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Delaware sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DE. Charities of a similar size with the same main cause include Memorial Health System ($1.51bn), Summa Health Group Return ($1.55bn) and Mount Carmel Health System ($1.38bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $10.3m (0.7% of expenses). Other salaries and wages came to $541.2m. It paid $687k in professional fundraising fees. At year end it held assets of $4.49bn against liabilities of $1.39bn, net assets of $3.09bn. It reported 13,992 employees.