Molloy University

Analysis

Molloy University is a registered charity in United States, based in Rockville Ctr, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, Molloy University reported income of $159.2m and spending of $166.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $149.2m to $159.2m (+6.7%), an average of +1.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Molloy University 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 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Pacific Lutheran University Inc ($158.6m), Warszawski Uniwrsytet Medyczny ($160.4m) and Stevenson University Inc ($158.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.6m (1.5% of expenses). Other salaries and wages came to $62.0m. At year end it held assets of $254.8m against liabilities of $131.4m, net assets of $123.4m. It reported 2,239 employees.