Crown College

Analysis

Crown College is a registered charity in United States, based in St Bonifacius, MN. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, Crown College reported income of $32.1m and spending of $29.8m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $25.4m to $32.1m (+26%), an average of +8.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crown College 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 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Dr Stanley and Pearl Goodman JFS of Broward County Inc ($32.1m), Emmaus Homes Inc ($32.1m) and Abilities in Motion ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $478k (1.6% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $48.5m against liabilities of $19.6m, net assets of $28.9m. It reported 616 employees.