Catawba College

Analysis

Catawba College is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in December 1941, 85 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, Catawba College reported income of $98.7m and spending of $67.9m, leaving 31% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $66.9m to $98.7m (+48%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 196%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catawba College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Lenoir-Rhyne University ($98.6m), Texas Wesleyan University ($98.9m) and Khan Academy Inc ($98.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $1.3m (1.9% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $442.2m against liabilities of $10.1m, net assets of $432.0m. It reported 686 employees.