Mercyhurst University

Analysis

Mercyhurst University is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 1960, 66 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, Mercyhurst University reported income of $149.3m and spending of $151.5m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $158.6m to $149.3m (-5.8%), an average of -1.5% 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, Mercyhurst University 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 PA. Charities of a similar size with the same main cause include Shenandoah University ($149.2m), Saint Marys University ($150.0m) and Kipp NYC Public Charter Schools II ($149.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.2m (0.8% of expenses). Other salaries and wages came to $26.8m. At year end it held assets of $168.3m against liabilities of $68.2m, net assets of $100.1m. It reported 1,744 employees.