Georgian Court University

Analysis

Georgian Court University is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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, Georgian Court University reported income of $58.8m and spending of $68.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $68.4m to $58.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgian Court University sits at the 98th 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 99th percentile within NJ. Charities of a similar size with the same main cause include Camino Nuevo Charter Academy ($58.7m), John Adams Academies Inc ($58.9m) and Forrestal Agricultural Corporation ($58.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $19.1m. It paid $27k in professional fundraising fees. At year end it held assets of $119.8m against liabilities of $35.9m, net assets of $83.9m. It reported 767 employees.