Notre Dame of Maryland University

Analysis

Notre Dame of Maryland University is a registered charity in United States, based in Baltimore, MD. 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, Notre Dame of Maryland University reported income of $55.2m and spending of $54.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.3m to $55.2m (-3.6%), an average of -0.9% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Notre Dame of Maryland 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 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include McMurry University ($55.0m), Cal Poly Humboldt Sponsored Programs Foundation ($55.3m) and University School ($54.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.3m (2.3% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $155.6m against liabilities of $37.1m, net assets of $118.5m. It reported 812 employees.