Simpson College

Analysis

Simpson College is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in August 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 May 2023, Simpson College reported income of $63.6m and spending of $76.0m, spending 120% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $64.6m to $63.6m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to May 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simpson 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 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include The Seattle Academy of Arts and Sciences ($63.5m), McKendree University ($63.6m) and Manchester University Inc ($63.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Other salaries and wages came to $15.9m. At year end it held assets of $152.8m against liabilities of $44.1m, net assets of $108.8m. It reported 1,036 employees.