Carthage College

Analysis

Carthage College is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in May 1936, 90 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, Carthage College reported income of $124.0m and spending of $128.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $149.3m to $124.0m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carthage 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 WI. Charities of a similar size with the same main cause include Wilmington University Inc ($123.9m), University of Northwestern-St Paul ($124.3m) and 1693 Partners Fund ($123.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.8m (1.4% of expenses). Other salaries and wages came to $30.3m. It paid $30k in professional fundraising fees. At year end it held assets of $411.9m against liabilities of $118.1m, net assets of $293.8m. It reported 1,804 employees.