Roanoke College

Analysis

Roanoke College is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in April 1973, 53 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, Roanoke College reported income of $107.8m and spending of $100.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $118.7m to $107.8m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roanoke College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Randolph-Macon College ($107.7m), Roseman University of Health Sciences a Nevada Non-Profit Corp ($107.8m) and Eastern University ($107.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $2.0m (2.0% of expenses). Other salaries and wages came to $28.8m. At year end it held assets of $368.2m against liabilities of $58.0m, net assets of $310.2m. It reported 1,594 employees.