College of St Scholastica Inc

Analysis

College of St Scholastica Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1973, 53 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, College of St Scholastica Inc reported income of $109.5m and spending of $113.3m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $123.9m to $109.5m (-12%), an average of -4.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of St Scholastica Inc 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 MN. Charities of a similar size with the same main cause include Linfield University ($108.9m), Concordia University Irvine ($109.6m) and Wartburg College ($108.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $753k (0.7% of expenses). Other salaries and wages came to $37.7m. It paid $82k in professional fundraising fees. At year end it held assets of $209.2m against liabilities of $68.6m, net assets of $140.6m. It reported 1,310 employees.