Regents of the Mercersburg College

Analysis

Regents of the Mercersburg College is a registered charity in United States, based in Mercersburg, PA. It received its IRS tax-exemption ruling in June 1935, 91 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, Regents of the Mercersburg College reported income of $47.0m and spending of $48.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.6m to $47.0m (+5.2%), an average of +1.3% a year. 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, Regents of the Mercersburg 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 Compass Rose Education Inc ($46.9m), California Polytechnic State University Foundation ($47.0m) and Independence Mission Schools ($46.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.2m (2.5% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $558.6m against liabilities of $67.3m, net assets of $491.3m. It reported 395 employees.