High Point University

Analysis

High Point University is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in January 2009, 17 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, High Point University reported income of $422.1m and spending of $357.0m, spending 85% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $290.1m to $422.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, High Point University 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 NC. Charities of a similar size with the same main cause include Berklee College of Music Inc ($422.1m), Williams College ($424.1m) and Commonwealth Charter Academy Charter School ($420.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $7.1m (2.0% of expenses). Other salaries and wages came to $69.9m. At year end it held assets of $1.13bn against liabilities of $188.0m, net assets of $940.8m. It reported 2,926 employees.