McPherson College

Analysis

McPherson College is a registered charity in United States, based in McPherson, KS. It received its IRS tax-exemption ruling in August 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 2023, McPherson College reported income of $690.6m and spending of $43.9m, leaving 94% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $690.6m (+2158%), an average of +118% a year. The sharpest change came in the year to June 2023, when income rose by 956%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McPherson College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KS. Charities of a similar size with the same main cause include Wake Forest University ($686.9m), Lehigh University ($695.4m) and Pace University ($682.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $452k (1.0% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $763.5m against liabilities of $18.3m, net assets of $745.2m. It reported 522 employees.