Multnomah University

Analysis

Multnomah University is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1939, 87 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, Multnomah University reported income of $14.1m and spending of $19.7m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.2m to $14.1m (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multnomah University sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Prairie Seeds Academy ($14.1m), Community Learning Center Schools Inc ($14.1m) and Magellan School ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $851k (4.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $27.3m against liabilities of $8.0m, net assets of $19.3m. It reported 440 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.