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

GANNON UNIVERSITY

EIN: 25-0496976 · ERIE, PA 16541-0002 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

Gannon University is an institution of post-secondary education with campuses in Erie, PA and Ruskin, FL, offering over 100 academic programs, including online and traditional Associate, Bachelor’s, Master’s and Doctoral degrees to a Fall 2024 student enrollment of 4,548.

Financial Overview — FY 2023
$166.0M
Total Revenue
$160.6M
Total Expenses
$204.7M
Net Assets
2242
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.3%
Fundraising Efficiency N/A
Operating Reserve 15.30x
Liability-to-Asset 35.4%
Revenue Diversification 88.3%
Executive Compensation $2.5M
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
85.3% 87.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
13.8% 10.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.9% 1.3%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
15.3 mo 20.3 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
35.4% 27.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
88.3% 84.6%
P10P90
Below median
Revenue growth
Year over year revenue growth
-0.3% -2.0%
P10P90
Expense growth
Year over year expense growth
1.2% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
3.3% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $166.0M $160.6M $204.7M 85.3% 2242
2022 $166.4M $158.6M $196.8M 86.1% 2052
2021 $161.1M $148.8M N/A 1984
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Organization Details
EIN
25-0496976
State
PA
City
ERIE
ZIP
16541-0002
Classification
B430
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1925
Foundation Code
11
Form 990
On File
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