Marist University

Marist University shows consistent revenue growth and strong asset accumulation over the past decade.

EIN: 141442493 · Poughkeepsie, NY · NTEE: B430 · Updated: 2026-03-28

$531.8MRevenue

$1.1BAssets

75/100Mission Score (Good)

B430

About Marist University

Marist University (EIN: 141442493) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code B430. The organization reported total revenue of $531.8M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marist University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Marist University demonstrates consistent financial growth and a strong asset base, indicating a stable financial position. Over the past decade, revenue has steadily increased from $275 million in 2014 to $333 million in 2023, with assets growing from $567 million to over $1 billion. The organization consistently reports positive net income, with the latest filing showing revenue of $333,001,492 exceeding expenses of $318,255,078, contributing to its robust asset accumulation. 

The provided data, however, lacks a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for a comprehensive assessment of spending efficiency. Without this information, it's challenging to determine the percentage of funds directly allocated to its educational mission versus overhead. The consistent reporting of 0% for officer compensation across all filings suggests that executive salaries might be reported elsewhere or are not categorized as 'officer compensation' in the provided summary, which could impact transparency regarding leadership remuneration.

Overall, Marist University appears financially healthy with a strong balance sheet and consistent revenue growth. To fully assess spending efficiency and transparency, more granular expense data and clarification on executive compensation reporting would be beneficial. The significant growth in assets and consistent positive operating margins are strong indicators of financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Marist University with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Marist University allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data consistently reports 0% for officer compensation across all filings, which is unusual for an organization of Marist University's size and revenue ($333 million in 2023). This suggests that executive compensation may be reported under different categories or is not included in the 'Officer Comp' metric provided, making it difficult to assess relative to the organization's scale.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Marist University's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Consistent 0% reported for officer compensation, raising questions about executive pay transparency

Strengths

The following positive indicators were identified for Marist University:

Consistent revenue growth, from $275M in 2014 to $333M in 2023
Strong asset accumulation, exceeding $1 billion in 2023
Positive net income consistently reported, indicating financial stability
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities

Frequently Asked Questions about Marist University

How does Marist University allocate its expenses between program services, administration, and fundraising?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess the exact allocation. A more detailed IRS 990 form would typically provide this information.

Why is officer compensation consistently reported as 0% across all filings?

The consistent reporting of 0% for officer compensation is unusual for an institution of this size. It suggests that executive salaries might be reported under other expense categories, or the provided summary metric does not capture the full scope of executive remuneration.

What is the university's strategy for managing its growing liabilities, which reached $273,479,902 in 2023?

While liabilities have fluctuated, they have generally increased alongside assets. The university's strategy for managing these liabilities would typically involve a mix of debt management, investment income, and operational surpluses, but specific details are not available in this summary.

Filing History

IRS 990 filing history for Marist University showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Marist University's revenue has grown by 69.8%, moving from $196.1M to $333.0M. Total assets increased by 121.6% over the same period, from $458.0M to $1.0B. Total functional expenses rose by 80.7%, from $176.2M to $318.3M. In its most recent filing year (2023), Marist University reported a surplus of $14.7M, with revenue exceeding expenses. The organization holds $273.5M in liabilities against $1.0B in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $741.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$333.0M	$318.3M	$1.0B	$273.5M	—	View 990
2022	$326.9M	$299.3M	$963.4M	$280.2M	—	View 990
2021	$319.4M	$272.5M	$944.4M	$241.6M	—	—
2020	$308.6M	$281.4M	$805.9M	$253.8M	—	View 990
2019	$304.6M	$274.9M	$792.0M	$263.4M	—	View 990
2018	$291.5M	$258.8M	$742.9M	$223.1M	—	View 990
2017	$261.1M	$241.4M	$726.5M	$230.4M	—	View 990
2016	$247.5M	$229.5M	$675.9M	$237.0M	—	View 990
2015	$239.3M	$218.0M	$677.5M	$241.2M	—	View 990
2014	$275.5M	$208.1M	$567.1M	$142.9M	—	View 990
2013	$228.9M	$195.2M	$517.0M	$147.6M	—	View 990
2012	$201.2M	$181.5M	$458.0M	$135.0M	—	View 990
2011	$196.1M	$176.2M	$458.0M	$156.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $333.0M, expenses of $318.3M, and assets of $1.0B (revenue +1.9% year-over-year).
2022: Revenue of $326.9M, expenses of $299.3M, and assets of $963.4M (revenue +2.4% year-over-year).
2021: Revenue of $319.4M, expenses of $272.5M, and assets of $944.4M (revenue +3.5% year-over-year).
2020: Revenue of $308.6M, expenses of $281.4M, and assets of $805.9M (revenue +1.3% year-over-year).
2019: Revenue of $304.6M, expenses of $274.9M, and assets of $792.0M (revenue +4.5% year-over-year).
2018: Revenue of $291.5M, expenses of $258.8M, and assets of $742.9M (revenue +11.6% year-over-year).
2017: Revenue of $261.1M, expenses of $241.4M, and assets of $726.5M (revenue +5.5% year-over-year).
2016: Revenue of $247.5M, expenses of $229.5M, and assets of $675.9M (revenue +3.5% year-over-year).
2015: Revenue of $239.3M, expenses of $218.0M, and assets of $677.5M (revenue -13.2% year-over-year).
2014: Revenue of $275.5M, expenses of $208.1M, and assets of $567.1M (revenue +20.3% year-over-year).
2013: Revenue of $228.9M, expenses of $195.2M, and assets of $517.0M (revenue +13.8% year-over-year).
2012: Revenue of $201.2M, expenses of $181.5M, and assets of $458.0M (revenue +2.6% year-over-year).
2011: Revenue of $196.1M, expenses of $176.2M, and assets of $458.0M.

Data Sources and Methodology

This transparency report for Marist University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.