University of Mobile Inc

Analysis

University of Mobile Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 1964, 62 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, University of Mobile Inc reported income of $49.3m and spending of $46.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.8m to $49.3m (+15%), an average of +3.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Mobile Inc 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 AL. Charities of a similar size with the same main cause include Southern California University of Health Sciences ($49.3m), Protestant Episcopal High School in Virginia ($49.3m) and Mater Academy of Nevada ($49.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $557k (1.2% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $75.1m against liabilities of $33.9m, net assets of $41.2m. It reported 474 employees.