Ave Maria University Inc

Analysis

Ave Maria University Inc is a registered charity in United States, based in Ave Maria, FL. It received its IRS tax-exemption ruling in February 2003, 23 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, Ave Maria University Inc reported income of $72.6m and spending of $70.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.6m to $72.6m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ave Maria University Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Northstar Education Finance Inc ($72.6m), Taft School Corporation ($72.7m) and LA Sierra University ($72.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $2.5m (3.6% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $246.8m against liabilities of $60.6m, net assets of $186.1m. It reported 915 employees.