Gwynedd Mercy University

Analysis

Gwynedd Mercy University is a registered charity in United States, based in Gwynedd Vly, PA. 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gwynedd Mercy University reported income of $72.0m and spending of $70.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $82.9m to $72.0m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income rose by 40%. 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, Gwynedd Mercy University 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 PA. Charities of a similar size with the same main cause include Imagine Schools Non-Profit Inc ($71.9m), Columbia College ($72.0m) and Minnesota Transitions Chartered School ($71.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.2m (1.7% of expenses). Other salaries and wages came to $22.5m. It paid $60k in professional fundraising fees. At year end it held assets of $134.1m against liabilities of $33.0m, net assets of $101.0m. It reported 1,072 employees.