Gordon College

Analysis

Gordon College is a registered charity in United States, based in Wenham, MA. It received its IRS tax-exemption ruling in November 1941, 85 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 June 2023, Gordon College reported income of $62.8m and spending of $74.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $142.7m to $62.8m (-56%), an average of -19% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gordon College sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Entrepreneurs Organization ($62.7m), Southern Nazarene University ($62.9m) and Hollins University Corporation ($62.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.2m (1.6% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $182.4m against liabilities of $31.2m, net assets of $151.3m. It reported 1,621 employees.