Augustana College

Analysis

Augustana College is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in July 1937, 89 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, Augustana College reported income of $153.9m and spending of $151.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $149.0m to $153.9m (+3.3%), an average of +0.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augustana 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 100th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Phillips Exeter Academy ($153.6m), Wheaton College ($154.3m) and University of Nevada-Reno Foundation ($151.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.9m (1.3% of expenses). Other salaries and wages came to $34.9m. It paid $119k in professional fundraising fees. At year end it held assets of $398.2m against liabilities of $45.6m, net assets of $352.7m. It reported 2,222 employees.