St Francis Xavier University

Analysis

St Francis Xavier University is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2024, St Francis Xavier University reported income of $164.1m and spending of $166.1m, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $137.1m to $164.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2023, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Francis Xavier 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. Charities of a similar size with the same main cause include United Service Organizations Inc ($163.5m), Rose-Hulman Institute of Technology ($164.4m) and Los Angeles LGBT Center ($162.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 34% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $2.9m (1.8% of expenses). Other salaries and wages came to $77.4m. At year end it held assets of $525.1m against liabilities of $332.0m, net assets of $193.0m.