Central College

Analysis

Central College is a registered charity in United States, based in Pella, IA. It received its IRS tax-exemption ruling in September 1939, 87 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, Central College reported income of $50.3m and spending of $54.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $69.3m to $50.3m (-28%), an average of -7.7% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include American Charter Schools Foundation ($50.3m), Francis W Parker School ($50.3m) and True North Rochester Preparatorycharter School ($50.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.8m (3.3% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $178.1m against liabilities of $71.4m, net assets of $106.8m. It reported 1,357 employees.