Saint Michaels College

Analysis

Saint Michaels College is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Michaels College reported income of $95.7m and spending of $106.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $112.1m to $95.7m (-15%), an average of -3.9% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Michaels College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VT. Charities of a similar size with the same main cause include Kings College ($95.6m), University of Mary ($95.7m) and Ottawa University ($95.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.5m (1.4% of expenses). Other salaries and wages came to $25.3m. It paid $216k in professional fundraising fees. At year end it held assets of $195.4m against liabilities of $63.7m, net assets of $131.7m. It reported 1,267 employees.