MANHATTAN UNIVERSITY
Mission Statement
Manhattan College is an independent Catholic institution of higher learning that embraces qualified men and women of all faiths, cultures, and traditions. The mission of Manhattan College is to provide a contemporary, person-centered educational experience that prepares graduates for lives of personal development, professional success, civic engagement, and service to their fellow human beings. The College pursues this mission through programs that integrate a broad liberal education with concentration in specific disciplines in the arts and sciences or with professional preparation in business, education and engineering.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.8% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.2% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.0% | 1.3% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
4125.6% | 4415.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.5 mo | 20.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
27.0% | 27.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.7% | 84.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
2.3% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.1% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.9% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $226.8M | $228.9M | $315.0M | 88.8% | 2063 |
| 2022 | $221.7M | $213.6M | $306.4M | 88.4% | 1916 |
| 2021 | $212.9M | $212.0M | N/A | — | 2074 |
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