Greensboro College Inc

Analysis

Greensboro College Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1976, 50 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, Greensboro College Inc reported income of $20.0m and spending of $26.9m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.9m to $20.0m (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. 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, Greensboro College Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Ball State University Foundation ($20.0m), Prince Avenue Christian School ($20.0m) and Kentucky Country Day School Inc ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $647k (2.4% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $48.1m against liabilities of $17.8m, net assets of $30.3m. It reported 364 employees.