Saybrook University

Analysis

Saybrook University is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1972, 54 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 May 2023, Saybrook University reported income of $22.6m and spending of $23.0m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $15.5m to $22.6m (+46%), an average of +9.9% a year. The sharpest change came in the year to May 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saybrook 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 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Mercy Health Oklahoma Communities Inc ($22.6m), Catholic Social Servies of the Miami Valley ($22.6m) and United Federation of Teachers Educational Foundation Inc ($22.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $373k (1.6% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $18.6m against liabilities of $6.3m, net assets of $12.4m. It reported 376 employees.