Mount Saint Marys University

Analysis

Mount Saint Marys University is a registered charity in United States, based in Emmitsburg, 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, Mount Saint Marys University reported income of $135.7m and spending of $133.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $126.5m to $135.7m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. 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, Mount Saint Marys University 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 99th percentile within MD. Charities of a similar size with the same main cause include Reach Cyber Charter School ($135.5m), Bellarmine University ($135.9m) and International Republican Institute ($134.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.6m (1.9% of expenses). Other salaries and wages came to $32.5m. It paid $92k in professional fundraising fees. At year end it held assets of $210.9m against liabilities of $87.3m, net assets of $123.5m. It reported 1,367 employees.