Mount St Joseph University

Analysis

Mount St Joseph University is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1973, 53 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 St Joseph University reported income of $65.2m and spending of $69.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $76.4m to $65.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. 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, Mount St Joseph 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 OH. Charities of a similar size with the same main cause include Albany College of Pharmacy and Health Sciences ($65.1m), Day 1 Academies ($65.2m) and Grace Schools ($65.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $24.6m. At year end it held assets of $122.9m against liabilities of $23.7m, net assets of $99.2m. It reported 931 employees.