President & Scholars of the College of Saint Mary Magdalen in the Univ

Analysis

President & Scholars of the College of Saint Mary Magdalen in the Univ is a registered charity in United States, based in United Kingdom. It received its IRS tax-exemption ruling in July 1951, 75 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending July 2023, President & Scholars of the College of Saint Mary Magdalen in the Univ reported income of $54.2m and spending of $49.2m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $26.2m to $54.2m (+107%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, President & Scholars of the College of Saint Mary Magdalen in the Univ 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 Childrens Miracle Network ($54.2m), Amikids Inc ($54.4m) and Feeding America West Michigan ($54.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $3.1m (6.3% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $1.27bn against liabilities of $261.2m, net assets of $1.01bn.