Pillar College Inc

Analysis

Pillar College Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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 2022, Pillar College Inc reported income of $12.0m and spending of $12.5m, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $10.3m to $12.0m (+17%), an average of +5.3% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pillar College Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Propel America ($12.0m), Alianza Para LA Educacion Alternativa Inc ($12.0m) and Western Illinois University Foundation ($12.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $327k (2.6% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $3.0m against liabilities of $825k, net assets of $2.2m. It reported 157 employees.