Mount Aloysius College

Analysis

Mount Aloysius College is a registered charity in United States, based in Cresson, PA. It received its IRS tax-exemption ruling in September 1964, 62 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 Aloysius College reported income of $40.2m and spending of $41.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.5m to $40.2m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Aloysius College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Greensboro Independent School Corporation ($40.2m), North Carolina Charter Educational Foundation Inc ($40.2m) and Soka University of America ($40.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $665k (1.6% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $176.4m against liabilities of $25.3m, net assets of $151.1m. It reported 642 employees.