Sweet Briar Institute

Analysis

Sweet Briar Institute is a registered charity in United States, based in Sweet Briar, VA. It received its IRS tax-exemption ruling in October 1972, 54 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, Sweet Briar Institute reported income of $43.9m and spending of $40.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.8m to $43.9m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sweet Briar Institute sits at the 98th 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 98th percentile within VA. Charities of a similar size with the same main cause include American Thoracic Society Inc ($43.9m), Logan University ($44.0m) and Pacific Union College ($43.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $1.6m (4.0% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $146.7m against liabilities of $11.6m, net assets of $135.0m. It reported 584 employees.