St Marys College of California

Analysis

St Marys College of California is a registered charity in United States, based in Moraga, CA. 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, St Marys College of California reported income of $166.5m and spending of $198.9m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $201.3m to $166.5m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. 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, St Marys College of California sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Concordia University Inc ($166.3m), State University of Iowa Foundation ($167.6m) and Gannon University ($166.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.1m (1.1% of expenses). Other salaries and wages came to $61.6m. At year end it held assets of $352.6m against liabilities of $92.3m, net assets of $260.3m. It reported 2,076 employees.