Monmouth University Inc

Analysis

Monmouth University Inc is a registered charity in United States, based in W Long Branch, NJ. It received its IRS tax-exemption ruling in May 1958, 68 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, Monmouth University Inc reported income of $274.8m and spending of $261.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $267.9m to $274.8m (+2.6%), an average of +0.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monmouth University Inc 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 NJ. Charities of a similar size with the same main cause include University of the Incarnate Word ($274.6m), Fairleigh Dickinson University ($275.2m) and Swarthmore College ($270.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.7m (1.4% of expenses). Other salaries and wages came to $84.9m. At year end it held assets of $440.9m against liabilities of $47.5m, net assets of $393.4m. It reported 2,902 employees.