Landmark College Inc

Analysis

Landmark College Inc is a registered charity in United States, based in South Putney, VT. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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, Landmark College Inc reported income of $43.6m and spending of $40.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.2m to $43.6m (+31%), an average of +7.1% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Landmark College Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Greater Wisconsin Agency on Aging Resources Inc ($43.5m), Good News Publishers ($43.6m) and Northwest Institute of Research Inc ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.7m (4.0% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $78.6m against liabilities of $23.7m, net assets of $55.0m. It reported 550 employees.