Maranatha Baptist University Inc

Analysis

Maranatha Baptist University Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in February 1969, 57 years ago. 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, Maranatha Baptist University Inc reported income of $17.5m and spending of $18.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $17.5m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maranatha Baptist University Inc 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 97th percentile within WI. Charities of a similar size with the same main cause include Jack M Barrack Hebrew Academy ($17.5m), The Arc of Hunterdon County Inc ($17.5m) and Boys & Girls Clubs of Greater Washington Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $382k (2.1% of expenses). At year end it held assets of $23.3m against liabilities of $5.9m, net assets of $17.4m. It reported 673 employees.