Barber-Scotia College Inc

Analysis

Barber-Scotia College Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in January 1953, 73 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, Barber-Scotia College Inc reported income of $388k and spending of $339k, spending 88% of its income. Across the 6 years on record, from June 2017 to June 2023, income grew from $313k to $388k (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barber-Scotia College Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Steele Family Foundation ($388k), Livingston Huaxia Chinese School ($388k) and Methacton Education Foundation ($388k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 3.4% of the total. At year end it held assets of $7.6m against liabilities of $312k, net assets of $7.3m.