Le Moyne College

Analysis

Le Moyne College is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1947, 79 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 May 2023, Le Moyne College reported income of $148.6m and spending of $143.6m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $141.1m to $148.6m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to May 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Le Moyne College 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 NC State Investment Fund Inc ($147.8m), Olivet Nazarene University ($148.6m) and Ascend Charter Schools ($147.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $962k (0.7% of expenses). Other salaries and wages came to $42.1m. It paid $97k in professional fundraising fees. At year end it held assets of $403.3m against liabilities of $110.7m, net assets of $292.5m. It reported 1,621 employees.