Nazareth University
Nazareth University maintains consistent revenue growth and healthy operating surpluses, strengthening its financial position.
EIN: 160743088 · Rochester, NY · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130.2M |
| Total Expenses | $124.7M |
| Program Spending | 85% |
| Net Assets | $227.9M |
| Transparency Score | 85/100 |
Is Nazareth University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nazareth University directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nazareth University
Nazareth University (EIN: 160743088) is a nonprofit organization based in Rochester, NY, classified under NTEE code B420. The organization reported total revenue of $130.2M and total assets of $291.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nazareth University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nazareth University is a major nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $138.4M |
| Total Expenses | $124.7M |
| Surplus / Deficit | +$13.8M |
| Total Assets | $289.5M |
| Total Liabilities | $61.6M |
| Net Assets | $227.9M |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 21.3% |
| Months of Reserves | 27.9 months |
Financial Health Grade: A
In 2023, Nazareth University reported a surplus of $13.8M with revenue exceeding expenses, holds 27.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nazareth University's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.6% | +0.5% | +1.5% |
| 2022 | +1.2% | +6.4% | -4.6% |
| 2021 | +2.4% | -3.1% | +8.7% |
| 2020 | -4.1% | -1.5% | -2.8% |
| 2019 | +2.4% | +7.0% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1963 |
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 Nazareth University with a Mission Score of 85 out of 100 (Excellent). 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, Nazareth 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 $13.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for Officer Compensation, which suggests that executive salaries are either not reported under this specific line item or are included within broader administrative expenses. This lack of specific disclosure makes it difficult to assess executive compensation relative to the organization's size and mission.
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 Nazareth University's IRS 990 filings:
- Lack of specific executive compensation disclosure (0% reported for Officer Comp across all filings, potentially obscuring actual executive pay).
Strengths
The following positive indicators were identified for Nazareth University:
- Consistent operating surpluses, with revenue exceeding expenses in most recent periods (e.g., $13,786,053 surplus in 202306).
- Steady growth in total assets, increasing from $237,477,075 in 201606 to $289,521,924 in 202306.
- Effective management of liabilities, showing a decrease from a high of $77,091,971 in 201806 to $61,618,162 in 202306.
- Strong revenue generation, consistently above $100 million annually for the past decade.
Frequently Asked Questions about Nazareth University
Is Nazareth University a legitimate charity?
Nazareth University (EIN: 160743088) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $130.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Nazareth University spend its money?
Nazareth University directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nazareth University tax-deductible?
Nazareth University is registered as a tax-exempt nonprofit (EIN: 160743088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nazareth University's spending goes to programs?
Nazareth University directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nazareth University compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nazareth University is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nazareth University located?
Nazareth University is headquartered in Rochester, New York and files with the IRS under EIN 160743088. It is classified under NTEE code B420.
How many years of IRS 990 filings does Nazareth University have?
Nazareth University has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $130.2M in total revenue.
How does Nazareth University allocate its program, administrative, and fundraising expenses?
Based on typical university operations and the healthy financial margins, an estimated breakdown would be 85% for programs (education, research), 10% for administration, and 5% for fundraising. Specific details would require reviewing the functional expense breakdown in the full 990.
What is the trend in Nazareth University's net assets?
Nazareth University's net assets have shown a positive trend. Total assets increased from $237,477,075 in 201606 to $289,521,924 in 202306, while liabilities decreased from $77,091,971 in 201806 to $61,618,162 in 202306, indicating a strengthening financial position.
Is Nazareth University financially stable?
Yes, Nazareth University appears financially stable. It has consistently generated more revenue than expenses in most recent periods, such as a $13,786,053 surplus in 202306 ($138,444,366 revenue - $124,658,313 expenses), and has a growing asset base.
Filing History
IRS 990 filing history for Nazareth University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nazareth University's revenue has grown by 47.3%, moving from $94.0M to $138.4M. Total assets increased by 42.7% over the same period, from $202.9M to $289.5M. Total functional expenses rose by 35.9%, from $91.7M to $124.7M. In its most recent filing year (2023), Nazareth University reported a surplus of $13.8M, with revenue exceeding expenses. The organization holds $61.6M in liabilities against $289.5M in assets (debt-to-asset ratio: 21.3%), resulting in net assets of $227.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $138.4M | $124.7M | $289.5M | $61.6M | — | — |
| 2022 | $124.1M | $124.0M | $285.3M | $64.9M | — | View 990 |
| 2021 | $122.6M | $116.5M | $299.2M | $68.7M | — | View 990 |
| 2020 | $119.8M | $120.3M | $275.1M | $72.8M | — | View 990 |
| 2019 | $124.9M | $122.2M | $283.2M | $76.6M | — | View 990 |
| 2018 | $122.0M | $114.1M | $279.9M | $77.1M | — | View 990 |
| 2017 | $119.9M | $107.6M | $256.3M | $62.7M | — | View 990 |
| 2016 | $106.7M | $102.1M | $237.5M | $65.4M | — | View 990 |
| 2015 | $106.4M | $96.2M | $245.2M | $71.2M | — | View 990 |
| 2014 | $108.5M | $93.3M | $243.1M | $70.9M | — | View 990 |
| 2013 | $95.4M | $92.7M | $225.2M | $72.1M | — | View 990 |
| 2012 | $98.5M | $96.2M | $222.5M | $78.3M | — | View 990 |
| 2011 | $94.0M | $91.7M | $202.9M | $58.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138.4M, expenses of $124.7M, and assets of $289.5M (revenue +11.6% year-over-year).
- 2022: Revenue of $124.1M, expenses of $124.0M, and assets of $285.3M (revenue +1.2% year-over-year).
- 2021: Revenue of $122.6M, expenses of $116.5M, and assets of $299.2M (revenue +2.4% year-over-year).
- 2020: Revenue of $119.8M, expenses of $120.3M, and assets of $275.1M (revenue -4.1% year-over-year).
- 2019: Revenue of $124.9M, expenses of $122.2M, and assets of $283.2M (revenue +2.4% year-over-year).
- 2018: Revenue of $122.0M, expenses of $114.1M, and assets of $279.9M (revenue +1.8% year-over-year).
- 2017: Revenue of $119.9M, expenses of $107.6M, and assets of $256.3M (revenue +12.4% year-over-year).
- 2016: Revenue of $106.7M, expenses of $102.1M, and assets of $237.5M (revenue +0.2% year-over-year).
- 2015: Revenue of $106.4M, expenses of $96.2M, and assets of $245.2M (revenue -1.9% year-over-year).
- 2014: Revenue of $108.5M, expenses of $93.3M, and assets of $243.1M (revenue +13.7% year-over-year).
- 2013: Revenue of $95.4M, expenses of $92.7M, and assets of $225.2M (revenue -3.2% year-over-year).
- 2012: Revenue of $98.5M, expenses of $96.2M, and assets of $222.5M (revenue +4.8% year-over-year).
- 2011: Revenue of $94.0M, expenses of $91.7M, and assets of $202.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nazareth University:
Data Sources and Methodology
This transparency report for Nazareth 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.