Hollins University Corporation

Analysis

Hollins University Corporation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1925, 101 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, Hollins University Corporation reported income of $62.7m and spending of $62.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.6m to $62.7m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hollins University Corporation sits at the 99th percentile: it is larger than about 98% of them. 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 Newberry College ($62.7m), Entrepreneurs Organization ($62.7m) and Abraham Joshua Heschel School ($62.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $913k (1.5% of expenses). At year end it held assets of $364.7m against liabilities of $5.0m, net assets of $359.7m. It reported 1,010 employees.