Mount Allison University

Analysis

Mount Allison University is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2023, Mount Allison University reported income of $87.5m and spending of $63.7m, leaving 27% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $58.0m to $87.5m (+51%), an average of +11% a year. The sharpest change came in the year to April 2023, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Allison University sits at the 100th 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. Charities of a similar size with the same main cause include Catholic Charities Community Services Archdiocese of New York ($87.4m), Lowcountry Food Bank Inc ($87.5m) and Fsy LLC ($87.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 36% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $711k (1.1% of expenses). Other salaries and wages came to $32.3m. At year end it held assets of $298.6m against liabilities of $81.6m, net assets of $217.0m.