Saint Leo University Inc

Analysis

Saint Leo University Inc is a registered charity in United States, based in Saint Leo, FL. It received its IRS tax-exemption ruling in June 2005, 21 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, Saint Leo University Inc reported income of $146.6m and spending of $157.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $168.3m to $146.6m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Leo University Inc 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 FL. Charities of a similar size with the same main cause include Punahou School ($146.4m), Friendship Public Charter School ($146.9m) and University of Findlay ($146.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $869k (0.6% of expenses). Other salaries and wages came to $55.5m. At year end it held assets of $242.8m against liabilities of $101.1m, net assets of $141.7m. It reported 2,348 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.