Hallmark University Inc

Analysis

Hallmark University Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 2012, 14 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 December 2023, Hallmark University Inc reported income of $19.0m and spending of $18.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $19.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hallmark University Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include New Schools for New Orleans Inc ($19.0m), New Mexico State University Foundation Inc ($19.0m) and Bluebird Education Network Inc ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $486k (2.6% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $49.8m against liabilities of $25.3m, net assets of $24.5m. It reported 208 employees.