Maharishi International University

Analysis

Maharishi International University is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in July 1989, 37 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, Maharishi International University reported income of $62.6m and spending of $59.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.2m to $62.6m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maharishi International University sits at the 99th 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 IA. Charities of a similar size with the same main cause include Summit Public Schools ($62.5m), Abraham Joshua Heschel School ($62.7m) and Miami Country Day School Inc ($62.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $527k (0.9% of expenses). Other salaries and wages came to $21.1m. At year end it held assets of $94.4m against liabilities of $33.7m, net assets of $60.7m. It reported 1,276 employees.