University of Mount Union

Analysis

University of Mount Union is a registered charity in United States, based in Alliance, OH. It received its IRS tax-exemption ruling in June 1941, 85 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, University of Mount Union reported income of $94.4m and spending of $96.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $100.3m to $94.4m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Mount Union 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 OH. Charities of a similar size with the same main cause include Washington College ($94.4m), Jubilee Academic Center Inc ($94.4m) and Robert W Woodruff Health Sciences Center Fund Inc ($94.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.0m (2.0% of expenses). Other salaries and wages came to $25.2m. It paid $17k in professional fundraising fees. At year end it held assets of $322.4m against liabilities of $22.9m, net assets of $299.5m. It reported 1,537 employees.