Bennett College

Analysis

Bennett College is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1977, 49 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, Bennett College reported income of $16.8m and spending of $16.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.8m to $16.8m (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 163%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bennett College sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Seed Public Charter School of Washington D C ($16.8m), Hamburger Home ($16.8m) and Association of Governing Boards of Universities and Colleges ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.2m (7.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $43.0m against liabilities of $7.3m, net assets of $35.7m. It reported 188 employees.