Ranken Technical College

Analysis

Ranken Technical College is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1935, 91 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 2024, Ranken Technical College reported income of $42.7m and spending of $40.5m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $40.7m to $42.7m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ranken Technical 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 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include University of Mary Washington Foundation ($42.6m), El Education Inc ($42.7m) and Durham Academy Inc ($42.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $872k (2.2% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $141.7m against liabilities of $14.3m, net assets of $127.4m. It reported 406 employees.