Assumption University
Overview
Mission
Assumption university is a comprehensive, catholic liberal arts institution sponsored by the augustinians of the assumption. We awaken in students a sense of wonder, discovery, and purpose, forming graduates known for their intellectual seriousness, thoughtful citizenship, and devotion to the common good. Our curricular and co-curricular programs provide students with an education that shapes their souls, forms them intellectually, and prepares them for meaningful careers. We are a diverse community that welcomes different points of view and embraces all who share our mission. Enlivened by the catholic affirmation of the harmony of faith and reason, and by the pursuit of the truth in the company of friends, an assumption education transforms the mind and hearts of students.
What it reported doing in 2024
Higher education: offers comprehensive college degree programs at both the undergraduate and graduate level. In fiscal year 2025, a total of 370 undergraduate degrees, 151 graduate degrees and 25 certificates were awarded.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 042105776
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Worcester, MA, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Universities
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.7%; rating input score 94
- Fundraising efficiency: $4.41 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 32nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -6.6%; rating input score 10; 10th percentile among comparable filings
- Operating reserve ratio: 1.71; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 14th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
- Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $128.9M in reported program spending
- Leadership: top reported pay $544K · 41 people listed · 4 of 6 pay-setting controls reported
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 annual filings from 2010 to 2024
- Money network: 15 filed money-flow records