Allegheny College

Analysis

Allegheny College is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in September 1942, 84 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, Allegheny College reported income of $116.6m and spending of $131.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $138.2m to $116.6m (-16%), an average of -4.2% a year. 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, Allegheny College sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Bright Star Schools ($116.4m), Saint Peters University ($116.6m) and Agora Cyber Charter School Hope B Hague ($116.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.2m (1.7% of expenses). Other salaries and wages came to $27.8m. At year end it held assets of $415.6m against liabilities of $68.0m, net assets of $347.6m. It reported 1,420 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.