University of Mary

Analysis

University of Mary is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in April 1961, 65 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, University of Mary reported income of $95.7m and spending of $89.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89.0m to $95.7m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. 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, University of Mary sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Saint Michaels College ($95.7m), Roessler-Chadwick Foundation ($95.8m) and Kings College ($95.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $591k (0.7% of expenses). Other salaries and wages came to $27.5m. At year end it held assets of $216.7m against liabilities of $57.3m, net assets of $159.5m. It reported 1,253 employees.