Transylvania University

Analysis

Transylvania University is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 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, Transylvania University reported income of $66.5m and spending of $68.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $63.0m to $66.5m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transylvania University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Collegiate Academies ($66.5m), St Marks School of Texas ($66.6m) and Concept Schools Inc ($66.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $2.6m (3.8% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $252.7m against liabilities of $63.9m, net assets of $188.8m. It reported 857 employees.