Malone University

Analysis

Malone University is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in December 1958, 68 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, Malone University reported income of $45.0m and spending of $44.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $48.8m to $45.0m (-7.9%), an average of -2.0% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malone University 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 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Columbus College of Art & Design ($45.0m), The High Desert Partnership in Academic Excellence Foundation Inc ($45.0m) and Palisades Charter High School ($45.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $65.1m against liabilities of $18.0m, net assets of $47.0m. It reported 735 employees.