Martin University Inc

Analysis

Martin University Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 2022, Martin University Inc reported income of $6.5m and spending of $7.0m, spending 108% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $4.5m to $6.5m (+45%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin University Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include The Haven ($6.5m), Newmeadow Inc ($6.5m) and Camp Ramah in the Berkshires Inc ($6.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 59% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $188k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $10.0m against liabilities of $2.1m, net assets of $7.8m. It reported 139 employees.