Madonna University

Analysis

Madonna University is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in May 1992, 34 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, Madonna University reported income of $54.8m and spending of $63.5m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $55.8m to $54.8m (-1.8%), an average of -0.5% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madonna 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 MI. Charities of a similar size with the same main cause include Dunwoody College of Technology ($54.8m), Creative Center of Los Altos ($54.8m) and Ace Scholarships Alliance for Choice in Education ($54.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $994k (1.6% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $128.7m against liabilities of $55.8m, net assets of $72.8m. It reported 889 employees.