Spalding University

Analysis

Spalding University is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1974, 52 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, Spalding University reported income of $43.4m and spending of $42.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $43.4m to $43.4m (-0.2%), an average of +-0.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spalding University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Cleveland Institute of Art ($43.4m), Benjamin Private School Inc ($43.4m) and Woodfords Family Service ($43.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.1m (2.5% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $85.2m against liabilities of $13.1m, net assets of $72.1m. It reported 796 employees.