Henderson Collegiate

Analysis

Henderson Collegiate is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in February 2010, 16 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, Henderson Collegiate reported income of $21.7m and spending of $16.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $21.7m (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henderson Collegiate sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include True North Classical Academy Inc ($21.7m), 10000 Degrees ($21.8m) and Michigan Virtual University ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $238k (1.4% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $35.1m against liabilities of $36.4m, net assets of -$1.3m. It reported 227 employees.