Merrimack College: $291.2M Revenue, $278.5M Expenses

Merrimack College earns an A on the NonprofitTruth efficiency rubric — a top-tier rating that reflects healthy operating reserves, reasonable officer compensation, and steady multi-year revenue. The composite score of 88/100 places it in the upper bracket of U.S. tax-exempt organizations.

Merrimack College is a large nonprofit by U.S. standards: $291.2M in 2023 revenue against $278.5M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the reserves factor, Merrimack College scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Merrimack College reported $291.2M in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Merrimack College reports $4.0M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $291.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Merrimack College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.