St Andrews Presbyterian College

Analysis

St Andrews Presbyterian College is a registered charity in United States, based in Babson Park, FL. It received its IRS tax-exemption ruling in February 1959, 67 years ago. 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, St Andrews Presbyterian College reported income of $17.3m and spending of $24.2m, spending 140% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $26.3m to $17.3m (-34%), an average of -10% a year. The sharpest change came in the year to May 2023, when income dropped by 27%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Andrews Presbyterian College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Weachieve Inc ($17.3m), Centers for Family Development Incorporated ($17.3m) and Volunteers of America Inc ($17.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $21.1m against liabilities of $22.7m, net assets of -$1.7m. It reported 350 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.