Bastyr University

Analysis

Bastyr University is a registered charity in United States, based in Kenmore, WA. It received its IRS tax-exemption ruling in June 1978, 48 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, Bastyr University reported income of $29.0m and spending of $34.9m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.0m to $29.0m (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bastyr University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Einstein Group ($28.9m), Cary Academy ($29.0m) and Emmanuel University Inc ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.3m (3.7% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $33.4m against liabilities of $14.1m, net assets of $19.4m. It reported 738 employees.