Mars Hill University

Analysis

Mars Hill University is a registered charity in United States, based in Mars Hill, NC. It received its IRS tax-exemption ruling in June 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 May 2023, Mars Hill University reported income of $52.0m and spending of $54.7m, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $57.0m to $52.0m (-8.7%), an average of -2.3% a year. The sharpest change came in the year to May 2023, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mars Hill 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 NC. Charities of a similar size with the same main cause include Zeta Charter Schools - New York City ($52.0m), P16plus Council of Greater Bexar County Foundation Inc ($52.1m) and Immaculata University ($52.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $948k (1.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $164.0m against liabilities of $47.9m, net assets of $116.1m. It reported 699 employees.