Christian Brothers University

Analysis

Christian Brothers University is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Christian Brothers University reported income of $65.4m and spending of $72.2m, spending 110% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $64.4m to $65.4m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to May 2020, when income rose by 17%. 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, Christian Brothers 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 TN. Charities of a similar size with the same main cause include Trustees for Harvard University ($65.4m), Pacific Coast Academy ($65.5m) and University Physicians of Brooklyn Inc ($65.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $528k (0.7% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $92.6m against liabilities of $9.0m, net assets of $83.6m. It reported 814 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.