Saint Marys University

Analysis

Saint Marys University is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in September 2018, 8 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 March 2023, Saint Marys University reported income of $150.0m and spending of $134.6m, spending 90% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $125.9m to $150.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to March 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 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. Charities of a similar size with the same main cause include Mercyhurst University ($149.3m), University of Prince Edward Island ($150.1m) and Shenandoah University ($149.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $2.8m (2.1% of expenses). Other salaries and wages came to $67.5m. At year end it held assets of $261.4m against liabilities of $77.0m, net assets of $184.4m.