Marietta College

Analysis

Marietta College is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in March 1940, 86 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, Marietta College reported income of $70.5m and spending of $77.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.1m to $70.5m (+8.3%), an average of +2.0% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marietta College 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 Pinecrest Academy of Nevada ($70.4m), Hanover College Trustees ($70.6m) and Brentwood School ($70.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $21.0m. At year end it held assets of $197.0m against liabilities of $46.4m, net assets of $150.6m. It reported 1,023 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.