Livingstone College

Analysis

Livingstone College is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Livingstone College reported income of $38.0m and spending of $40.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.6m to $38.0m (+6.9%), an average of +1.7% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Livingstone College sits at the 98th percentile: it is larger than about 98% 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 Noble Research Institute LLC ($38.0m), Truett McConnell University Inc ($38.0m) and Ravenscroft School Inc ($37.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.1m (5.2% of expenses). At year end it held assets of $94.4m against liabilities of $12.8m, net assets of $81.6m. It reported 471 employees.