MCPHS University

Analysis

MCPHS University is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1934, 92 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, MCPHS University reported income of $342.3m and spending of $284.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $328.0m to $342.3m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MCPHS University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include University of Colorado Foundation ($342.2m), Johnson & Wales University ($342.6m) and Suffolk University ($339.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $5.5m (1.9% of expenses). Other salaries and wages came to $104.6m. At year end it held assets of $2.01bn against liabilities of $142.6m, net assets of $1.87bn. It reported 2,941 employees.