The Corporation of Mercer University

Analysis

The Corporation of Mercer University is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in April 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, The Corporation of Mercer University reported income of $434.7m and spending of $415.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $396.0m to $434.7m (+9.8%), an average of +2.4% a year. 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, The Corporation of Mercer 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 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include University of Minnesota Foundation ($428.1m), California Baptist University ($439.7m) and Indiana University Foundation ($426.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $4.2m (1.0% of expenses). Other salaries and wages came to $141.0m. At year end it held assets of $1.05bn against liabilities of $386.4m, net assets of $661.9m. It reported 4,587 employees.