Columbia College

Analysis

Columbia College is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Columbia College reported income of $32.4m and spending of $33.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.8m to $32.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbia College sits at the 97th percentile: it is larger than about 97% 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 College Success Foundation ($32.4m), Western Pennsylvania School for the Deaf ($32.4m) and Imagine Schools Inc ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $916k (2.7% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $60.3m against liabilities of $20.2m, net assets of $40.1m. It reported 591 employees.