Mount Saint Marys University

Analysis

Mount Saint Marys University is a registered charity in United States, based in Los Angeles, 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Saint Marys University reported income of $117.8m and spending of $137.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $127.8m to $117.8m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. 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, Mount Saint Marys University 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Franklin Academy Foundation Inc ($117.7m), River Springs Charter School Inc ($118.3m) and Chatham University ($117.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $2.6m (1.9% of expenses). Other salaries and wages came to $44.0m. It paid $104k in professional fundraising fees. At year end it held assets of $358.5m against liabilities of $75.0m, net assets of $283.5m. It reported 1,602 employees.