Johnson C Smith University Incorporated

Analysis

Johnson C Smith University Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1945, 81 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, Johnson C Smith University Incorporated reported income of $61.8m and spending of $59.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.4m to $61.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Johnson C Smith University Incorporated sits at the 99th 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 99th percentile within NC. Charities of a similar size with the same main cause include Granite Edvance Corporation ($61.7m), Illinois Wesleyan University ($61.9m) and Asbury College ($61.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $1.1m (1.8% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $246.1m against liabilities of $35.9m, net assets of $210.2m. It reported 657 employees.