Mary Baldwin University

Analysis

Mary Baldwin University is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in January 1933, 93 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, Mary Baldwin University reported income of $60.2m and spending of $67.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.1m to $60.2m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mary Baldwin 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 99th percentile within VA. Charities of a similar size with the same main cause include Maryville College ($60.2m), Lincoln University ($60.3m) and The Hill School ($60.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $712k (1.1% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $86.5m against liabilities of $27.1m, net assets of $59.4m. It reported 1,019 employees.