Marymount University

Analysis

Marymount University is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marymount University reported income of $121.8m and spending of $131.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $113.8m to $121.8m (+7.1%), an average of +1.7% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marymount University sits at the 100th 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 VA. Charities of a similar size with the same main cause include Mid-Ohio Foodbank ($121.8m), Forum Credit Union ($122.0m) and Memorial Health Partners Foundation Inc ($121.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $41.7m. At year end it held assets of $257.6m against liabilities of $164.0m, net assets of $93.6m. It reported 1,293 employees.