Anderson University

Analysis

Anderson University is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in July 1935, 91 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 May 2023, Anderson University reported income of $131.2m and spending of $131.9m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $95.2m to $131.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to May 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anderson University sits at the 99th 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 100th percentile within SC. Charities of a similar size with the same main cause include Ashland University ($130.7m), University of Arkansas Foundation Inc ($131.4m) and Kipp Metro Atlanta Collaborative Inc ($130.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.3m (1.7% of expenses). Other salaries and wages came to $35.2m. It paid $76k in professional fundraising fees. At year end it held assets of $268.0m against liabilities of $104.7m, net assets of $163.3m. It reported 1,667 employees.