Macalester College

Analysis

Macalester College is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1936, 90 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 May 2023, Macalester College reported income of $186.4m and spending of $207.5m, spending 111% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $190.3m to $186.4m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Macalester College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Year Up Inc ($186.2m), American University in Cairo ($186.7m) and Kansas State University Foundation ($185.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $3.4m (1.7% of expenses). Other salaries and wages came to $59.5m. At year end it held assets of $1.14bn against liabilities of $104.6m, net assets of $1.03bn. It reported 2,834 employees.