Stetson University Inc

Analysis

Stetson University Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in May 1943, 83 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, Stetson University Inc reported income of $245.2m and spending of $255.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $250.6m to $245.2m (-2.2%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stetson University Inc 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 FL. Charities of a similar size with the same main cause include Charter Institute at Erskine ($244.3m), Oclc Inc ($248.0m) and Pomona College ($243.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.6m (1.4% of expenses). Other salaries and wages came to $62.3m. At year end it held assets of $663.7m against liabilities of $174.7m, net assets of $489.1m. It reported 2,589 employees.