Saint Martins University

Analysis

Saint Martins University is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in March 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, Saint Martins University reported income of $78.0m and spending of $78.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $70.2m to $78.0m (+11%), an average of +2.6% 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, Saint Martins University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Thurgood Marshall College Fund Inc ($77.8m), Mastery Schools of Camden Inc ($78.2m) and Walsh University ($77.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $686k (0.9% of expenses). Other salaries and wages came to $21.6m. At year end it held assets of $110.0m against liabilities of $34.0m, net assets of $75.9m. It reported 1,061 employees.