Mount Marty University

Analysis

Mount Marty University is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in March 1946, 80 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, Mount Marty University reported income of $40.6m and spending of $32.5m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $40.6m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Marty University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include Faith Family Kids Inc ($40.6m), Saint Elizabeth University ($40.6m) and University of Saint Mary ($40.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $604k (1.9% of expenses). Other salaries and wages came to $9.0m. It paid $80k in professional fundraising fees. At year end it held assets of $71.8m against liabilities of $26.7m, net assets of $45.1m. It reported 529 employees.