Erskine College

Analysis

Erskine College is a registered charity in United States, based in Due West, SC. It received its IRS tax-exemption ruling in September 1942, 84 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, Erskine College reported income of $43.2m and spending of $46.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.3m to $43.2m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erskine 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 SC. Charities of a similar size with the same main cause include Ohio Connections Academy Inc ($43.1m), Oglala Lakota College ($43.3m) and Young Harris College ($43.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $401k (0.9% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $68.7m against liabilities of $19.1m, net assets of $49.5m. It reported 488 employees.