Lycoming College

Analysis

Lycoming College is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in August 1944, 82 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, Lycoming College reported income of $72.2m and spending of $86.9m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $75.0m to $72.2m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lycoming College 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 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Touro University Nevada ($72.1m), LA Sierra University ($72.3m) and Columbia College ($72.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $3.1m (3.6% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $300.5m against liabilities of $51.3m, net assets of $249.2m. It reported 1,024 employees.