Corporation of Gonzaga University

Analysis

Corporation of Gonzaga University is a registered charity in United States, based in Spokane, WA. 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 2023, Corporation of Gonzaga University reported income of $424.2m and spending of $420.9m, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $374.0m to $424.2m (+13%), an average of +3.2% a year. The sharpest change came in the year to May 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporation of Gonzaga University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Williams College ($424.1m), Fairfield University ($424.5m) and High Point University ($422.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.1m (0.5% of expenses). Other salaries and wages came to $120.0m. At year end it held assets of $1.08bn against liabilities of $369.1m, net assets of $711.7m. It reported 4,301 employees.