UNIVERSITY OF NEW HAVEN
Mission Statement
At the University of New Haven, our coaches and staff encourage all Charger student-athletes to succeed at greater heights than they know possible in every area of their life. Everyone associated with Charger Athletics is expected to contribute to a constant improvement and continuous growth culture. The University of New Haven’s mission is to prepare our students to lead purposeful and fulfilling lives in a global society through experiential, collaborative, and discovery-based learning. Being a part of Charger Athletics will prepare our alumni to enact meaningful change, challenge the status quo, and impact organizations at the highest levels.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.3% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.7% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 1.3% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
5133.4% | 4415.8% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.0 mo | 20.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
41.7% | 27.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.8% | 84.6% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
0.9% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.5% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.3% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $347.7M | $343.0M | $255.9M | 90.3% | 2884 |
| 2022 | $344.7M | $328.1M | $242.0M | 89.5% | 2707 |
| 2021 | $316.1M | $301.0M | N/A | — | 2705 |
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