Marist University

Analysis

Marist University is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in December 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, Marist University reported income of $333.0m and spending of $318.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $304.6m to $333.0m (+9.3%), an average of +2.3% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marist 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 NY. Charities of a similar size with the same main cause include Xavier University ($332.2m), Pratt Institute ($337.7m) and Emerson College ($331.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.9m (1.5% of expenses). Other salaries and wages came to $84.9m. It paid $142k in professional fundraising fees. At year end it held assets of $1.01bn against liabilities of $273.5m, net assets of $741.3m. It reported 3,728 employees.