Naropa University

Analysis

Naropa University is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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, Naropa University reported income of $31.9m and spending of $37.0m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.9m to $31.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naropa 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 99th percentile within CO. Charities of a similar size with the same main cause include Metropolitan Public Defender Service Inc ($31.8m), Agudath Israel of America ($31.9m) and Transition Projects Inc ($31.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.1m (2.9% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $35.2m against liabilities of $20.7m, net assets of $14.5m. It reported 656 employees.