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Pennsylvania · Nonprofit

CARLOW UNIVERSITY

CARLOW UNIVERSITY (Pennsylvania) receives grants from 101 organizations whose IRS filings report $31,234,349 to it, the largest being MCCUNE FOUNDATION PNC BANK NA ($13,110,000). 55 of them have funded it in more than one year.

Revenue FY2025
$98M
Funders on record
101
Grants received
$31M
Net assets
$87M
55/101 repeat funderspeak grant-dependency 21%
01What it does

What Carlow University does

Mission

See schedule o.Carlow University, rooted in its catholic identity and embodying the heritage and values of the sisters of mercy, offers transformational educational opportunities for a diverse community of learners and empowers them to excel in their chosen work as compassionate, responsible leaders in the creation of a just and merciful world.

As stated on its FY2025 Form 990.

Program

  1. At Carlow University, we strive to create an experience that is not only life-changing, but world-changing. Carlow graduates are prepared to be pioneers in workforce development, healthcare, education, business, the arts, and more. They are part of a nearly one-hundred-year tradition of ethical leaders with the empathy and spirit to make a meaningful impact. Rooted in unity and led by compassion, we are redefining what a leader looks like, and it looks like a carlow graduate.see schedule o for continuation.here, our world-class faculty helps students grow into high-achieving, compassionate leaders in their respective fields. Our students are shaped intellectually, socially, and spiritually through a service-centered brand of education, preparing them to ethically prosper in our ever-changing world. Carlow's mission is reflected not only in what we teach, but in who we serve and how students succeed. In 2024-25, the university served 2,419 students across undergraduate and graduate programs, including 1,358 undergraduate students and 1,061 graduate students. Carlow continues to advance educational access and upward mobility throughout the region: 50% of undergraduate students are…

    $79,848,225 spentof which $25,173,329 as grants$69,347,954 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $79,848,225.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($59M) Expenses 100 ($56M) Net assets 100 ($70M)2018 Revenue 101 ($60M) Expenses 105 ($59M) Net assets 102 ($71M)2019 Revenue 102 ($60M) Expenses 107 ($60M) Net assets 105 ($73M)2020 Revenue 105 ($63M) Expenses 112 ($63M) Net assets 100 ($70M)2021 Revenue 103 ($61M) Expenses 113 ($63M) Net assets 109 ($76M)2022 Revenue 127 ($75M) Expenses 125 ($70M) Net assets 99 ($70M)2023 Revenue 142 ($84M) Expenses 139 ($78M) Net assets 113 ($79M)2024 Revenue 128 ($76M) Expenses 146 ($82M) Net assets 109 ($76M)2025 Revenue 165 ($98M) Expenses 165 ($92M) Net assets 124 ($87M)
'17'18'19'20'21'22'23'24'25
Revenue (165)Expenses (165)Net assets (124)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $105M to $127M (+21%).

$93M
$101M
$108M
$105M
$110M
$105M
$127M
$122M
$136M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 2% · 2021 10% · 2022 8% · 2023 12% · 2024 5% · 2025 11%. Grants only. Government contracts and fees sit inside program revenue.

27% of CARLOW UNIVERSITY’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$3.3M
’17
$816k
’18
$636k
’19
−$305k
’20
−$2.0M
’21
$5.4M
’22
$6.3M
’23
−$5.6M
’24
$5.9M
’25
1.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Bryan Dilucente

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed384240393540384036
Joined·+15+13+7+6+8+15+11+10
No longer listed·1115810317914
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 21 funders to 35 funders, grant income rose $501k → $2.3M.

12 of 101 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CARLOW UNIVERSITY’s funders (the co-funder graph). Top 30 of 101 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CARLOW UNIVERSITY leans on a few funders — its largest provides 42% of grant income and the top three 58%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

42%
largest funder
58%
top three
~5
effective funders

Largest funder’s share by year: 2017 20% · 2018 19% · 2019 59% · 2020 22% · 2021 33% · 2022 76% · 2023 23% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

30% of CARLOW UNIVERSITY's funders are still giving 3 years after their first grant; 54% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

98% of CARLOW UNIVERSITY's grant income comes from Pennsylvania funders.

IL
NY
IN
OH
PA
NJ
CT
RI
MO
WV
MD
NC
DC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $1.5M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CARLOW UNIVERSITY runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin6% · above the median
Months of reserve1.8mo · below the median
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Government funding CARLOW UNIVERSITY receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $25.1M on record — $25.1M federal, $39k state.

Federal$25.1M
grants $25.1Mcontracts $0
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Education$16.1M
  • Department of Health and Human Services$6.4M
  • National Science Foundation$1.8M
  • Department of Justice$688k
  • Appalachian Regional Commission$50k
State$39k
23
25
By state
  • NJ$38k
  • DE$1k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like CARLOW UNIVERSITY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

86% of spending goes to programs.

Program 86%Management 12%Fundraising 1%

Governance

26
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

75%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

PA

Screen this organization

A dated, signed PDF of the compliance screen for CARLOW UNIVERSITY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CARLOW UNIVERSITY?
CARLOW UNIVERSITY (Pennsylvania) receives grants from 101 organizations whose IRS filings report $31,234,349 to it, the largest being MCCUNE FOUNDATION PNC BANK NA ($13,110,000). 55 of them have funded it in more than one year.
How many funders does CARLOW UNIVERSITY have?
IRS filings report 101 organizations giving $31,234,349 in grants to CARLOW UNIVERSITY, 55 of which have funded it in more than one year.
Who is the largest funder of CARLOW UNIVERSITY?
MCCUNE FOUNDATION PNC BANK NA is the largest funder on record, with $13,110,000 in grants. The full list of funders is on this page.
How can an organization like CARLOW UNIVERSITY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Carlow University →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 101 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing