Brescia University Inc

Analysis

Brescia University Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in March 1946, 80 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 2024, Brescia University Inc reported income of $20.8m and spending of $22.5m, spending 108% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $21.7m to $20.8m (-4.3%), an average of -0.9% a year. The sharpest change came in the year to May 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brescia University Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Los Angeles Pacific University ($20.8m), National Association for the Education of Young Children ($20.8m) and Madison-Ridgeland Academy ($20.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 9.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $899k (4.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $40.9m against liabilities of $10.0m, net assets of $30.9m. It reported 368 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.