Charity Search / SACRED HEART UNIVERSITY
Education (B430) IRS Verified DX Registered 990 on File

SACRED HEART UNIVERSITY

EIN: 06-0776644 · FAIRFIELD, CT 06825-1023 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 75/100
Reliability (20%) 70/100
Effectiveness (25%) 93/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

Sacred Heart University is a co-educational, independent, comprehensive institution of higher learning in the Catholic intellectual tradition whose primary objective is to prepare men and women to live in and make their contributions to the human community. The University aims to assist in the development of people who are knowledgeable of self, rooted in faith, educated in mind, compassionate in heart, responsive to social and civic obligations, and able to respond to an ever-changing world. It does this by calling forth the intellectual potential of its students, nurturing each one’s spiritual growth, and deepening in them a sense of social responsibility. The University is committed to combining education for life with preparation for professional excellence. Sacred Heart University is Catholic in tradition and spirit. As a Catholic university, it seeks to play its appropriate role in the modern world. It exemplifies in its life the Judeo-Christian values of the God-given freedom and dignity of every human person. Inspired by the ecumenical spirit of the Second Vatican Council, Sacred Heart University welcomes men and women of all religious traditions and beliefs who share its concerns for truth, scholarship, the dignity of the human person, freedom, and the betterment of human society. It values religious diversity as enhancing the University community and creating opportunities for dialogue in the common search for truth. Through its curricular and co-curricular activities and campus ministry programs, the University provides the context in which students have the opportunity to appropriate in a critical fashion their own religious traditions. Sacred Heart University challenges its students to think critically, analyze carefully, evaluate with a sense of justice and proportion, and convey conclusions in an intelligible and articulate fashion. The University provides the environment in which its students can develop the aesthetic dimension of life by nurturing their abilities to imagine, create, and appreciate. It assists students to acquire a rich understanding of their own cultural and family heritages so as to assume their responsibilities as conveyers and creators of culture and family. As a community of teachers and scholars, Sacred Heart University exists for the pursuit of truth. It joins with other colleges and universities in the task of expanding human knowledge and deepening human understanding. It encourages and supports the scholarly and artistic work of its faculty and students. Further, it has a responsibility to share its resources and special gifts and talents for the betterment of the human community. All members of the University community are strongly encouraged to participate in the wider community through service to others, especially the poor. From its founding, the University has been recognized for its caring approach to students. This approach expresses the University’s belief that each student is born with a unique set of qualities and skills. It respects the personal and academic freedom of each of its members while, at the same time, fostering a genuine experience of community. By doing so, it creates the environment in which each person in the University shares in common goals and a common commitment to truth, justice, and concern for others.

Financial Overview — FY 2023
$509.0M
Total Revenue
$424.6M
Total Expenses
$767.6M
Net Assets
5403
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 89.5%
Fundraising Efficiency 1606.9%
Operating Reserve 21.69x
Liability-to-Asset 43.4%
Revenue Diversification 92.7%
Executive Compensation $4.5M
Compared with Peers
FY 2023
Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
89.5% 87.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.4% 10.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.1% 1.3%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
1606.9% 4415.8%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
21.7 mo 20.3 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
43.4% 27.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
92.7% 84.6%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
6.7% -2.0%
P10P90
Expense growth
Year over year expense growth
6.2% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
16.6% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $509.0M $424.6M $767.6M 89.5% 5403
2022 $476.9M $400.0M $665.9M 88.7% 5072
2021 $421.3M $355.4M N/A — 4710
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Organization Details
EIN
06-0776644
State
CT
City
FAIRFIELD
ZIP
06825-1023
Classification
B430
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1963
Foundation Code
11
Form 990
On File
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