Brevard College Corporation

Analysis

Brevard College Corporation is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in May 1952, 74 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, Brevard College Corporation reported income of $34.9m and spending of $34.1m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $29.8m to $34.9m (+17%), an average of +4.1% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brevard College Corporation 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 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Bush School ($34.9m), University at Buffalo Surgeons Inc ($34.9m) and Cal Ripken Sr Foundation Inc ($34.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.0m (3.0% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $83.1m against liabilities of $23.0m, net assets of $60.1m. It reported 656 employees.