McMurry University

Analysis

McMurry University is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in August 1941, 85 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, McMurry University reported income of $55.0m and spending of $47.4m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $38.2m to $55.0m (+44%), an average of +9.5% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McMurry 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 TX. Charities of a similar size with the same main cause include University School ($54.8m), Notre Dame of Maryland University ($55.2m) and Creative Center of Los Altos ($54.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 33% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.5m (3.1% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $177.2m against liabilities of $24.0m, net assets of $153.2m. It reported 639 employees.