Saint Augustines College

Analysis

Saint Augustines College is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1946, 80 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 2024, Saint Augustines College reported income of $20.9m and spending of $27.3m, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $29.0m to $20.9m (-28%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Augustines College 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 Walsh College of Accountancy and Business Administration ($20.9m), Array Education Inc ($20.9m) and Laguna Blanca School ($20.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $620k (2.3% of expenses). At year end it held assets of $81.9m against liabilities of $45.4m, net assets of $36.5m. It reported 527 employees.