Presbyterian College

Analysis

Presbyterian College is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in January 1944, 82 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Presbyterian College reported income of $67.3m and spending of $76.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $68.9m to $67.3m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Eventide ($66.5m), Tenderloin Housing Clinic Inc ($68.8m) and Doe Fund Inc ($66.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.4m (1.9% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $174.6m against liabilities of $17.0m, net assets of $157.6m. It reported 736 employees.