John Cabot University

Analysis

John Cabot University is a registered charity in United States, based in Italy. It received its IRS tax-exemption ruling in April 1998, 28 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, John Cabot University reported income of $53.9m and spending of $49.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.9m to $53.9m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John Cabot 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 99th percentile. Charities of a similar size with the same main cause include Miami Dade College Foundation Inc ($53.8m), Upper Iowa University ($53.9m) and North Texas Higher Education Authority Inc ($53.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (3.1% of expenses). Other salaries and wages came to $13.4m. It paid $280k in professional fundraising fees. At year end it held assets of $100.2m against liabilities of $57.0m, net assets of $43.3m. It reported 479 employees.