Daemen University
Daemen University maintains stable finances with consistent revenue and decreasing liabilities over the past decade.
EIN: 160759798 · Amherst, NY · NTEE: B420 · Updated: 2026-03-28
Is Daemen University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daemen University directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Daemen University
Daemen University (EIN: 160759798) is a nonprofit organization based in Amherst, NY, classified under NTEE code B420. The organization reported total revenue of $146.3M and total assets of $86.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daemen University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daemen University is a major nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86.8M |
| Total Expenses | $86.6M |
| Surplus / Deficit | +$156K |
| Total Assets | $81.7M |
| Total Liabilities | $33.6M |
| Net Assets | $48.1M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 41.1% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Daemen University reported a surplus of $156K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 41.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Daemen University's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +1.8% | -1.6% |
| 2022 | +7.3% | +6.2% | +1.1% |
| 2021 | +6.4% | +2.6% | +5.3% |
| 2020 | +4.1% | +1.9% | -1.5% |
| 2019 | -1.5% | +1.7% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daemen University with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Daemen University allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $156K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.1%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Comp across all years, which is highly unusual for an institution with annual revenues exceeding $70 million. This suggests that executive compensation may be reported under different categories or not fully disclosed in this summary, impacting transparency regarding leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Daemen University's IRS 990 filings:
- Unusual reporting of 0% officer compensation, potentially obscuring executive pay details.
Strengths
The following positive indicators were identified for Daemen University:
- Consistent revenue generation, with revenues generally exceeding expenses.
- Decreasing trend in liabilities, indicating improved financial health and reduced debt burden from $45.5M in 2014 to $33.6M in 2023.
- Stable asset base, consistently above $80 million, providing financial stability.
- Positive net asset growth over the decade, strengthening the organization's equity.
Frequently Asked Questions about Daemen University
Is Daemen University a legitimate charity?
Based on AI analysis of IRS 990 filings, Daemen University (EIN: 160759798) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Daemen University spend its money?
Daemen University directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daemen University tax-deductible?
Daemen University is registered as a tax-exempt nonprofit (EIN: 160759798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is executive compensation for Daemen University's leadership structured and reported, given the 0% officer compensation listed?
The provided data consistently shows 0% for 'Officer Comp' across all years. This is highly unusual for an organization of Daemen University's size and revenue. Further investigation into their full IRS 990 filings would be necessary to understand how executive compensation is categorized and disclosed, as it's likely reported under other expense lines or not captured in this summary metric.
What is the detailed breakdown of Daemen University's program service expenses?
As an educational institution, the majority of Daemen University's expenses are inherently programmatic. While the provided data doesn't offer a granular breakdown, a full IRS 990 filing would detail expenses related to instruction, student services, academic support, and other direct educational activities, which would constitute its program services.
What is the trend in Daemen University's net assets over the past decade?
Daemen University's net assets (Assets minus Liabilities) have generally increased over the past decade. For example, in 2014, net assets were approximately $41.4 million ($87,022,136 - $45,586,559), while in 2023, they rose to approximately $48.1 million ($81,683,749 - $33,609,872), indicating a strengthening financial foundation.
Filing History
IRS 990 filing history for Daemen University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Daemen University's revenue has grown by 52.9%, moving from $56.7M to $86.8M. Total assets increased by 0.3% over the same period, from $81.5M to $81.7M. Total functional expenses rose by 56.7%, from $55.3M to $86.6M. In its most recent filing year (2023), Daemen University reported a surplus of $156K, with revenue exceeding expenses. The organization holds $33.6M in liabilities against $81.7M in assets (debt-to-asset ratio: 41.1%), resulting in net assets of $48.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86.8M | $86.6M | $81.7M | $33.6M | — | View 990 |
| 2022 | $88.9M | $85.0M | $83.0M | $34.5M | — | View 990 |
| 2021 | $82.8M | $80.1M | $82.1M | $34.5M | — | View 990 |
| 2020 | $77.8M | $78.0M | $78.0M | $35.2M | — | View 990 |
| 2019 | $74.8M | $76.5M | $79.2M | $35.9M | — | View 990 |
| 2018 | $75.9M | $75.3M | $84.1M | $36.4M | — | View 990 |
| 2017 | $74.5M | $76.4M | $83.3M | $39.0M | — | View 990 |
| 2016 | $74.3M | $73.9M | $83.8M | $40.7M | — | View 990 |
| 2015 | $74.7M | $71.4M | $89.5M | $45.1M | — | View 990 |
| 2014 | $71.1M | $67.9M | $87.0M | $45.6M | — | View 990 |
| 2013 | $66.6M | $64.3M | $83.2M | $46.6M | — | View 990 |
| 2012 | $62.1M | $63.9M | $81.5M | $50.1M | — | View 990 |
| 2011 | $56.7M | $55.3M | $81.5M | $47.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86.8M, expenses of $86.6M, and assets of $81.7M (revenue -2.4% year-over-year).
- 2022: Revenue of $88.9M, expenses of $85.0M, and assets of $83.0M (revenue +7.3% year-over-year).
- 2021: Revenue of $82.8M, expenses of $80.1M, and assets of $82.1M (revenue +6.4% year-over-year).
- 2020: Revenue of $77.8M, expenses of $78.0M, and assets of $78.0M (revenue +4.1% year-over-year).
- 2019: Revenue of $74.8M, expenses of $76.5M, and assets of $79.2M (revenue -1.5% year-over-year).
- 2018: Revenue of $75.9M, expenses of $75.3M, and assets of $84.1M (revenue +1.8% year-over-year).
- 2017: Revenue of $74.5M, expenses of $76.4M, and assets of $83.3M (revenue +0.3% year-over-year).
- 2016: Revenue of $74.3M, expenses of $73.9M, and assets of $83.8M (revenue -0.5% year-over-year).
- 2015: Revenue of $74.7M, expenses of $71.4M, and assets of $89.5M (revenue +5.0% year-over-year).
- 2014: Revenue of $71.1M, expenses of $67.9M, and assets of $87.0M (revenue +6.7% year-over-year).
- 2013: Revenue of $66.6M, expenses of $64.3M, and assets of $83.2M (revenue +7.2% year-over-year).
- 2012: Revenue of $62.1M, expenses of $63.9M, and assets of $81.5M (revenue +9.5% year-over-year).
- 2011: Revenue of $56.7M, expenses of $55.3M, and assets of $81.5M.
Data Sources and Methodology
This transparency report for Daemen University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.