Amridge University Inc

Analysis

Amridge University Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 1969, 57 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 2024, Amridge University Inc reported income of $8.7m and spending of $8.3m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.5m to $8.7m (-18%), an average of -4.7% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amridge University Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Academy of Dover Charter School ($8.6m), Kids Community College Charter School Inc ($8.7m) and Downey Foundation for Educational Opportunities ($8.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $759k (9.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $16.8m against liabilities of $927k, net assets of $15.9m. It reported 78 employees.