Mount Saint Mary College

Analysis

Mount Saint Mary College is a registered charity in United States, based in Newburgh, 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, Mount Saint Mary College reported income of $80.8m and spending of $80.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $81.4m to $80.8m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Saint Mary College sits at the 99th percentile: it is larger than about 99% of them. 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 Loomis Institute ($80.7m), Aztec Shops Ltd ($80.8m) and 50can Inc ($80.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $765k (0.9% of expenses). Other salaries and wages came to $22.5m. At year end it held assets of $182.0m against liabilities of $50.8m, net assets of $131.2m. It reported 863 employees.