Atlantic Union College

Analysis

Atlantic Union College is a registered charity in United States, based in S Lancaster, MA. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Atlantic Union College reported income of $74k and spending of $2.2m, spending 2975% of what it took in. Across the 6 years on record, from May 2018 to May 2023, income fell from $4.7m to $74k (-98%), an average of -56% a year. The sharpest change came in the year to May 2023, when income dropped by 98%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Union College sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Beth Brown Memorial Foundation Inc ($74k), Paladin Community Services ($74k) and PTA Texas Congress ($74k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 4.2% of the total. Other salaries and wages came to $972k. At year end it held assets of $5.9m against liabilities of $66k, net assets of $5.8m.