Five Colleges Incorporated

Analysis

Five Colleges Incorporated is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in April 1966, 60 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, Five Colleges Incorporated reported income of $10.0m and spending of $10.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $10.0m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Five Colleges Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Noble Academy ($10.0m), Renaissance Charter School 2 ($10.0m) and Veritas Preparatory Academy ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $614k (5.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $35.2m against liabilities of $8.5m, net assets of $26.7m. It reported 111 employees.