Cedar Crest College

Analysis

Cedar Crest College is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in April 1947, 79 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, Cedar Crest College reported income of $52.3m and spending of $52.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $55.6m to $52.3m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedar Crest College 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 98th percentile within PA. Charities of a similar size with the same main cause include Aquinas College Inc ($52.3m), Wesleyan School Inc ($52.4m) and Council for Native Hawaiian Advancement ($52.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.2m (2.3% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $106.5m against liabilities of $24.0m, net assets of $82.4m. It reported 491 employees.