Maria College

Analysis

Maria College is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Maria College reported income of $13.6m and spending of $17.6m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.2m to $13.6m (-4.1%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maria College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Summit Ministries Inc ($13.6m), Fisher Titus Health ($13.6m) and Community Medicine Foundation ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (6.2% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $27.6m against liabilities of $5.7m, net assets of $21.9m. It reported 217 employees.