Beloit College

Analysis

Beloit College is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in October 1941, 85 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, Beloit College reported income of $79.2m and spending of $84.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $94.4m to $79.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beloit College sits at the 99th percentile: it is larger than about 99% of them. 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 Hunter College Foundation Inc ($79.2m), Letourneau University ($79.2m) and Intealth ($79.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $2.4m (2.8% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $208.5m against liabilities of $31.8m, net assets of $176.6m. It reported 1,109 employees.