Sterling College

Analysis

Sterling College is a registered charity in United States, based in Sterling, KS. It received its IRS tax-exemption ruling in March 1934, 92 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, Sterling College reported income of $23.2m and spending of $23.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.8m to $23.2m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sterling College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include The Northwest School of the Arts Humanities and Environment ($23.2m), The Emery-Weiner Center for Jewish Education ($23.2m) and Utah Virtual Academy ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $283k (1.2% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $45.2m against liabilities of $11.9m, net assets of $33.3m. It reported 402 employees.