University of Mount Saint Vincent

Analysis

University of Mount Saint Vincent is a registered charity in United States, based in Riverdale, NY. It received its IRS tax-exemption ruling in June 1970, 56 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, University of Mount Saint Vincent reported income of $108.2m and spending of $105.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $78.6m to $108.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Mount Saint Vincent 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 NY. Charities of a similar size with the same main cause include Denver School of Science and Technology Inc ($108.1m), Wartburg College ($108.6m) and Roseman University of Health Sciences a Nevada Non-Profit Corp ($107.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $925k (0.9% of expenses). Other salaries and wages came to $31.0m. At year end it held assets of $144.0m against liabilities of $44.1m, net assets of $99.8m. It reported 1,283 employees.