Cleary University

Analysis

Cleary University is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in October 1934, 92 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, Cleary University reported income of $24.2m and spending of $25.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.2m to $24.2m (+49%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleary University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include American Association of State Colleges and Universities ($24.2m), Langley School Inc ($24.2m) and Joseph & Florence Mandel Jewish Day School ($24.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $756k (3.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $42.5m against liabilities of $33.6m, net assets of $8.9m. It reported 259 employees.