Seattle Pacific University

Analysis

Seattle Pacific University is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1943, 83 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 June 2023, Seattle Pacific University reported income of $140.8m and spending of $154.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $172.9m to $140.8m (-19%), an average of -5.0% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Pacific 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 100th percentile within WA. Charities of a similar size with the same main cause include Wisconsin Alumni Research Foundation ($140.8m), Hampden-Sydney College ($141.2m) and York College of Pennsylvania ($140.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.3m (1.5% of expenses). Other salaries and wages came to $45.2m. It paid $2,471 in professional fundraising fees. At year end it held assets of $365.7m against liabilities of $114.3m, net assets of $251.5m. It reported 2,072 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.