MC Daniel College Inc

Analysis

MC Daniel College Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 1934, 92 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 May 2023, MC Daniel College Inc reported income of $127.4m and spending of $129.6m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $112.6m to $127.4m (+13%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MC Daniel College Inc 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 The University of Bridgeport Inc ($127.2m), LA Salle University ($127.4m) and Saint Marys College ($127.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.8m (1.4% of expenses). Other salaries and wages came to $27.0m. At year end it held assets of $228.9m against liabilities of $51.9m, net assets of $177.0m. It reported 925 employees.