Bellarmine University

Analysis

Bellarmine University is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1952, 74 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 May 2023, Bellarmine University reported income of $135.9m and spending of $147.0m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $139.8m to $135.9m (-2.8%), an average of -0.7% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bellarmine University 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 KY. Charities of a similar size with the same main cause include Mount Saint Marys University ($135.7m), Carroll University Inc ($136.3m) and Reach Cyber Charter School ($135.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.0m (1.3% of expenses). Other salaries and wages came to $39.2m. It paid $14k in professional fundraising fees. At year end it held assets of $201.7m against liabilities of $77.4m, net assets of $124.3m. It reported 1,572 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.