QUINNIPIAC UNIVERSITY
275 MOUNT CARMEL AVENUE, HAMDEN, CT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $658,577,859 | $578,074,454 | $1,574,942,036 |
| FY2024 | $595,343,168 | $537,208,272 | $1,472,878,076 |
| FY2023 | $541,824,099 | $500,797,570 | $1,352,732,449 |
| FY2022 | $533,471,085 | $491,789,250 | $1,237,701,995 |
| FY2021 | $531,949,834 | $486,620,067 | $1,307,798,833 |
| FY2020 | $499,698,237 | $468,561,968 | $1,065,126,003 |
| FY2019 | $525,577,539 | $473,353,199 | $968,575,430 |
| FY2018 | $576,155,570 | $463,180,003 | $927,241,681 |
| FY2017 | $474,412,614 | $429,463,818 | $850,524,996 |
| FY2016 | $444,719,813 | $398,254,220 | $739,883,457 |
| FY2015 | $416,338,900 | $386,680,494 | $750,063,783 |
| FY2014 | $409,134,661 | $375,261,421 | $735,991,452 |
| FY2013 | $376,522,378 | $330,541,859 | $667,577,515 |
| FY2012 | $344,886,971 | $313,977,506 | $614,624,457 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $14,696,842 | 3% |
| Program service revenue | $557,588,406 | 97% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $503,857,558 | 87% |
| Management & general | $68,189,309 | 12% |
| Fundraising | $6,027,587 | 1% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 12%, and fundraising 1%.
- 87% of functional expenses went to program services in FY2025. That is higher than 72.2% of 79 Education organizations in CT.
- Net assets covered about 32.7 months of expenses at the end of the reporting year. That puts it in the 61st percentile among 838 Education organizations in CT.
- Total revenue was higher than 99.9% of 850 Education organizations in CT.
- Total revenue rose from $344,886,971 in FY2012 to $658,577,859 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $614,624,457 to $1,574,942,036 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1938 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in CT) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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