Mount Mary University Inc

Analysis

Mount Mary University Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Mary University Inc reported income of $39.5m and spending of $40.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.0m to $39.5m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Mary University Inc 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 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Chicago Sun-Times Media Inc ($39.5m), New Alternatives Incorporated ($39.5m) and San Francisco AIDS Foundation ($39.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.8m (4.6% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $73.8m against liabilities of $8.7m, net assets of $65.1m. It reported 655 employees.