Martin Methodist College

Analysis

Martin Methodist College is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 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, Martin Methodist College reported income of $1.1m and spending of $536k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.8m to $1.1m (-96%), an average of -56% a year. The sharpest change came in the year to June 2022, when income dropped by 94%. 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, Martin Methodist College sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Illinois Headstart Association Inc ($1.1m), Selma University ($1.1m) and Dennis Aaron Ministries Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $13.3m against liabilities of $270k, net assets of $13.1m.