Guilford College

Analysis

Guilford College is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1975, 51 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 May 2023, Guilford College reported income of $61.9m and spending of $73.1m, spending 118% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $47.8m to $61.9m (+30%), an average of +6.7% a year. The sharpest change came in the year to May 2021, when income rose by 24%. 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, Guilford College 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 NC. Charities of a similar size with the same main cause include Illinois Wesleyan University ($61.9m), Belhaven University ($62.0m) and Johnson C Smith University Incorporated ($61.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.6m (2.1% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $204.6m against liabilities of $81.9m, net assets of $122.8m. It reported 812 employees.