St Michaels University School Society

Analysis

St Michaels University School Society is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 2002, 24 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).

In the financial year ending June 2023, St Michaels University School Society reported income of $37.0m and spending of $34.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $30.3m to $37.0m (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Michaels University School Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Partners for Rural Impact Inc ($37.0m), Nebraska Student Loan Program Inc ($37.0m) and Ronald Reagan Presidential Foundation and Institute ($37.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $807k (2.3% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $72.9m against liabilities of $35.0m, net assets of $38.0m.